How will I know if I have enough cover in the future?
It’s a good idea to check your plan each year to make sure you have enough cover, as your financial or personal circumstances change. To help you with this we’ll send you a yearly statement which summarises the cover your have under your plan.
If you think that your cover is not enough or too much, and are unsure of what to do, you should speak to your financial adviser.
Remember that the most we’ll pay out if you claim is half of your annual income before tax. So if your income goes down, the maximum amount we’ll pay out if you claim will go down too.
If you choose level cover, inflation will mean that the amount of cover you choose now will buy less in the future.