That’s fine – you can contact us and we can adjust your level of cover to make sure you are not insured for more than you could receive, or less than the income you earn at the time of your disability. You can reduce your monthly sum insured to a minimum of $1,000, and the maximum amount you can increase your monthly sum insured to is $12,000.
Please keep in mind that this policy provides you with an indemnity, which means that the monthly benefit we’ll pay is based on your income at the time of disability.
The monthly benefit we pay will be adjusted to reflect earnings, other benefits, and ongoing income you receive or are entitled to receive.
It is important to check your level of cover against your income regularly.