How often can the Guaranteed Insurability Option typically be used to increase coverage without new health evidence?

The Guaranteed Insurability Option allows policyholders to increase their life insurance coverage without having to provide new evidence of insurability. This feature is typically available to policyholders at specific intervals, commonly every three years or upon certain qualifying life events such as marriage, the birth of a child, or other significant life changes. These intervals are set to ensure that policyholders have the opportunity to secure additional coverage when their financial or personal responsibilities may have increased, without facing the underwriting process again.

This option is particularly valuable for individuals who may be concerned about changes in their health over time, as it enables them to increase their coverage without the risk of being denied due to health reasons later. By allowing access to this benefit upon specific life events as well, it provides flexibility to adapt coverage in response to life's changes, aligning with the policyholder's evolving needs.