Most life insurance policies come with the opportunity to invoke a special events option.
This means that in certain circumstances you can increase your cover without the need for additional underwriting.
For example, buying a larger house or extending the family. At Tesco, this was referred to as a 'life-changing benefit'.
With one of their policies, it was possible to invoke this benefit and increase your cover by 100% or £200,000 (whichever was lower) without the need for additional underwriting provided you were under 55.
Proof of your life change would be required, and you must have applied for the benefit within 90 days of the change taking place.
Tesco's policies provided cover until the age of 91, but if the life-changing benefit was invoked, the policy terms would change, and cover would cease at 70.
As discussed, most life insurance policies offer the ability to make changes to your policy in the occurrence of certain events.
The specific terms, however, will differ between insurers.
Using a life insurance broker, like Reassured, allows you to discuss the terms of the different policies available, ensuring you get the right cover.