What is a Guaranteed Insurability Option?

I’ve seen insurance ‘guaranteed insurability option’ on insurance policies when I’ve been looking around to get cover. What is guaranteed insurability and what does it mean?

Question asked by Mrs M Harrow
Compare Top 10 UK
Takes approx. 60 seconds
Type of Policy
Level of Cover
Date of Birth
Loading your options...
Thank you for using our Quote Tool
If you need some help, just call us!
T: 02084327333
Our in-house Experts are here to provide FREE impartial advice!
Our Experts can answer all your questions
Our Experts can send you more appropriate options based on your personal circumstances

Very important if you are either Self-Employed or a Company Director.

Our online quote tool is good but our Experts are better

Oue Experts have access to far more insurers and can often find a better deal offline.

Saves you time, let our Experts do what they are best at

Answered by Michael Englefield

what is guaranteed insurability?

What is Guaranteed Insurability?

If you want to increase your Life Insurance or Income Protection benefit somewhere down the line, guaranteed insurability means that under certain circumstances you can increase your insurance payout without needing to provide any further medical evidence.


Is it Worth it to Look for a Policy with a Guaranteed Insurability Rider?

In the future, your changed circumstances may mean that you need to increase your insurance benefit to cover all of your responsibilities. If you decide to have children or move home, your benefit might not cover all of the expenses that get piled up over the years.

Having a guaranteed insurability option on your insurance policy makes it easier to adjust your cover when you need it. This is because you won’t have to go through the hassle of facing another stage of underwriting.

As your responsibilities become more expensive, a guaranteed insurability rider will help your life cover keep up.

If you applied for a brand new insurance policy with the additional benefit that you require, you’d likely face higher premiums due to your increased age and the fact that your benefit is higher.

If your health has taken a downward turn, applying for a new policy to get more cover may even mean that you are refused cover altogether under the new medical underwriting.

Guaranteed insurability doesn’t require any additional medical underwriting for the increased benefit and the premiums on the original sum insured won’t change.

Premiums will rise slightly to reflect the higher benefit you’re insuring, but this will only apply to the ‘top up’ figure.

Offering guaranteed insurability is quite common among some of the top UK Life Insurance providers and Income Protection providers. For these reasons, it is a worthwhile benefit to keep an eye out for when looking at policies.


Most Common Terms of Guaranteed Insurability Benefit

The circumstances under which you can increase your cover under the guaranteed insurability rider are usually as follows:

  • Your mortgage has increased as a result of developing your property or purchasing a new home.
  • You get married or enter into a civil partnership. Your Guaranteed Insurability option also covers divorce and the dissolving of a civil partnership.
  • You have a child, you adopt a child, or become the legal guardian of a child.
  • Your salary is increased as the result of a promotion or a change in employer.

Most if not all insurers will give you a limit of up to 3 months after the event has taken place with which to request a change in your insurance cover.


The Limitations of Your Options

Some insurers will also put some limitations on your guaranteed insurability benefit. This includes limits on how frequently you can use this option and, sometimes, limitations on how long you will be able to use your guaranteed insurability option.

Some insurers, for example, will put an age restriction on this benefit and after you reach a certain age you will need to submit new medical information each time you want to increase your cover.

You also might not have access to this benefit if you accept an insurance policy with non-standard terms. This is usually more common with Income Protection than Life Insurance, but you should be aware of this and make sure that you fully understand the terms before you apply.

Sam Barr-Worsfold, Independent Protection Expert at Drewberry

Guaranteed insurability is only one of the many features of Life Insurance and Income Protection policies to look out for. If you need help setting up an insurance policy, don’t hesitate to get in touch at 📞 01273646484.

Sam Barr-Worsfold
Independent Protection Expert at Drewberry

Life Insurance
Income Protection
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Compare Top 10 UK Insurers
  Takes approx. 60 seconds
Need help? 
Call us on 

Frequently Asked Life Insurance Questions

I’ve seen insurance ‘guaranteed insurability option’ on insurance policies when I’ve...
I’d like to take out life insurance but I’ve smoked cannabis once a week for the past few...
I’ve recently been given the all clear for cancer and it’s really prompted me to get some...
I’ve recently been declined Life Insurance due to a previous medical issue, it’s something...
Need Help? Live chat now and get an instant answer from our Experts...


Our Latest Reviews
Jayant Rampuria

Oliver did an excellent job in making the right recommendations. He's been very patient in dealing with my request and helping me choose the right product. Well done and thanks very much!

James Mclauchlan

Josh did a great job. Did all the legwork for me in getting the best quote and even handed it over to someone else whilst he was away, then finished the whole thing once he was back – impressed!

Raviteja Sajja

Josh was very good at communicating about different options for Life insurance, advising us on right choice and benefits. I would strongly recommend Drewberry. Thank you Josh.

We are rated 4.9/5 based on 1742 independent client reviews.
To read more of our independent client reviews click here →
4.92 / 5 Average
1828 Reviews
A Lovell
Overall Rating
Extremely helpful and able to understand the various issues and constraint
D at Inforcehub
Overall Rating
Very knowledgeable and easy to deal with.
A Kanwal
Overall Rating
Bronja Whitlock was absolutely brilliant, as my mind isn’t in the right place at the moment due to the loss of my partner and I forgot who my insurers were or if I was covered. I therefore contacted her from an old email that I had from a few years just explaining my situation. I wasn’t expecting a response to be honest, but Bronja replied back the same day. She didn’t just reply with the most empathising response, but she also contacted the insurance company and told them of my situation and ordered my claim pack on my behalf, which I can’t appreciate enough. Bronja Whitlock you are an asset to your company. Thank you.
R Sajja
Overall Rating
Josh was very good at communicating about different options for Life insurance, advising us on right choice and benefits. I would strongly recommend Drewberry. Thank you Josh.
Overall Rating
Rauri has been very professional and has responded promptly to any queries. Very friendly nature too