If the policy is sold to an individual who—
(aa)#
has not attained age 61 as of the date of purchase, the policy provides compound annual inflation protection;
(bb)#
has attained age 61 but has not attained age 76 as of such date, the policy provides some level of inflation protection; and
(cc)#
has attained age 76 as of such date, the policy may (but is not required to) provide some level of inflation protection.