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Can I adjust my life insurance coverage?
Can I adjust my life insurance coverage?
Vincent avatar
Written by Vincent
Updated over a week ago

Yes - it is possible to increase or decrease your coverage!

Decreasing coverage

Decreasing coverage is simple and can be done at any time. You can reduce your insured sum to any amount but must at least maintain the minimum insured sum of €50,000. Changes will come into effect the first day of the following month and your monthly premium will be adjusted according to the insured sum you are reducing to.

Increasing coverage

To increase the insurance sum you'd need to add a new life insurance policy to your coverage, or cancel your current one and purchase a new one. However, the maximum sum insured of €600,000 can not be exceeded.

If you have more questions, feel free to contact one of our experts!

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