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
I would like to say thank you to Ciaran King for his professionalism, respect and sensitivity with dealing with my income protection insurance.
Was extremely impressed with the service we received from Michael. He was so helpful with good advice and saved us money. The policy was set up and running with in a couple of days. Would definitely recommend to friends. Thank you.
Sam Carr was very knowledgeable, efficient, called when he said he would and kept me updated through out the process.