Future insurability
A policy option letting you increase cover at defined life events without fresh medical underwriting.
Definition
A future insurability option (sometimes called a CPI option or life-event option) lets you increase your sum insured — within defined limits — when a triggering life event happens (new child, new mortgage, marriage, business milestone) without going through medical underwriting again. It is one of the most valuable benefits to look for if you are buying cover young and expect needs to grow.
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Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.