What is a guaranteed insurability option?

The Guaranteed Insurability Option (also called Special Events Increase Benefit) allows you to increase your cover by up to 50% of your original benefit (or €100,000, whichever is lower) without providing further medical evidence if you increase your mortgage, get married, or have or adopt a child.

This option applies only up to age 55 and must be used within 6 months of the relevant event. Taking out additional cover separately can often be more cost-effective in those circumstances.