Answered by Andrew Jenkinson
Many thanks for your question, the answer to this will all depend on how flexible your existing life cover is.
Most insurers understand that our lives evolve and recognise that individuals tend to have life events (such as getting married, having children or moving to a bigger house) which will impact the level of protection we require. As a result many insurers include the ability to change your policy should you need to do so at a later date with Guaranteed Insurability Options (GIOs).
Reasons why the insurers would let you increase cover
In most cases, these options allow you to increase the level of cover following significant life events such as:
- a marriage
- buying a new home
- increasing your mortgage
- having / adopting a child.
We are whole of market independent experts who work closely with all of the leading insurance providers and can help you understand the flexibility of your existing plan and if necessary find a new insurer with the most flexibility or compatible GIOs for your future plans.
Get in contact
If you would like any further assistance please don’t hesitate to get in touch on 02084327333 or get started with an online life insurance quote now.
Frequently Asked Life Insurance Questions
Excellent service. Well documented and prompt meetings arranged, with polite reminders. Good, clear advice and excellent product choice for me. Very pleased and highly recommended.
Jake and Jack and Drewberry were excellent and I would definitely use their services again. We purchased life insurance from them and we are now getting them to look into income protection cover for us. They are very knowledgeable and the set up was a breeze.
Really personalised service. Would definitely recommend. Very helpful and not pushy. Oliver was through and lovely to speak to.