Increasing term life insurance allows your sum assured (cover amount) to increase each year to protect your pay out amount from inflation.
But how does this type of policy work and will your premiums increase too?
At Reassured we can compare policies from a range of UK insurers, including those who provide increasing term life insurance.
We can also secure you a policy with the guaranteed insurability option which allows you to increase your sum assured if your circumstances change.
Keep reading to find out everything you need to know about increasing your life insurance cover...