Type of term insurance in which the death benefit increases during the coverage either at specific intervals, by a certain amount or percentage, or according to the cost of living.
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UK: Term insurance for individuals uncertain as to future life insurance requirements. A five-year policy may offer without further evidence of health options to: exte the policy term; increase the sum insured by 50 per cent; convert to a whole life or endowment subject to an age limit of 60.