Quick tip: increase your insurance without medical underwriting

As life changes, so should your insurance. Chances are that you initially took out life insurance when you bought your first home to cover your loan. When you buy your second property and you increase your loan, you should also increase your insurance, to make sure you are still covered should something happen to you.

Some life insurance policies have a feature that allows you to increase your cover without the need for additional medical information, following what they define as a Special Event. This means that you don't have to go through medical underwriting to increase your cover, making it very easy for you to update your cover when you need it.

Most insurance companies consider the following things to be Special Events:

  • Having a baby
  • Getting married
  • Getting divorced
  • Buying property
  • Increasing an existing mortgage

Take advantage of this straight forward feature to make sure your insurance keeps up with your life. If you've recently been through a Special Event and you need to update your cover, contact us on 0800 500 510 or advisers@apexgroup.co.nz.


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