NEW YORK – New York Life Insurance Company may be kicking off a new insurance trend with the inclusion of an inflation rider on its long term care policy LTCSelect Premier. The Benefit Increase Option Rider is based on the Urban Consumer Price Index and the company says by providing a level of protection that matches a policyholder's actual needs, it is insuring that policyholders either don't pay for inflation that never occurs or that they don't buy a product with inflation protection that falls short of actual increases in future price levels. The future premiums for this protection are locked in at the time the policy is acquired. Although long-term care generally impacts consumers in their 70s and 80s, more insurance companies are marketing these policies to people under the age of 50. NY Life has filed for a patent on the concept.