Can you change the amount of cover on the policy?
Your ability to amend your Life Cover amount depends on the type of policy you choose:
- Some policies are flexible
- Some policies don’t allow you to change the cover amount and require you to apply for a new policy.
If the amount of cover is being increased or the term extended, you may need to provide medical evidence for the increase in cover or term extension.
Some policies have a Guaranteed Insurability Option that allows you to increase the amount of cover within 3 months of moving house, getting married or having or adopting a child without having to provide evidence of health.