For example, you can increase its death
benefit if your financial situation changes with the birth of another child or a new business venture.
Not exact matches
So,
if your
financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death
benefit without demonstrating your insurability.
Still,
if your
financial situation changes, the ability to
change the death
benefit amount within your policy is appealing.
Still,
if your
financial situation changes, the ability to
change the death
benefit amount within your policy is appealing.
We recommend having a convertible term policy as your
financial situation will
change over time and, for example,
if your income rises and you later decide that you want a permanent life insurance policy to take advantage of the tax
benefits, that option will be available.