With Term Life assurance there are two other options you can choose:

Conversion option - In return for a small extra premium you can include an option which gives you the opportunity of purchasing cover again without the need for medical information or tests.

Without it, the contingency of ill health could make the acquisition of new life assurance in the future either very expensive or impossible.

The cover under the new life assurance policy can be the same or less than the cover on the old one. The amount you then pay will depend on your age at the time of exercising the option and the type of life assurance policy to which you continue with. You could for example take out a life policy that will last another fixed term or you could take out a life assurance policy that could last for the rest of your life.

Inflation Option - You can apply to have your level of life assurance cover increase to allow for inflation. This will also mean that the amount you pay will increase. If initially selected, this option is offered each year of the policy (some companies offer it every 3 years) without you having to provide evidence of good health.

This option protects the real value of your life cover as time passes.
You can stop the increases at any time; if you do then you will not be offered any further increases. If at a later date you wish to resume the increases then this will be subject to evidence of good health.