Some Life Insurance companies now include the ‘guaranteed insurability’ benefit by default into their investment linked insurance plans. This enables you easily increase your protection coverage during major life events without the need for underwriting (i.e. assessment of lifestyle, occupation and medical history). Life events may include marriage, having a child or buying a house.
You can opt to switch funds at any time to match your risk appetite, increase or decrease portfolio exposure to risky asset. Insurance companies generally offer a wide range of professionally managed investment linked funds including local funds and foreign funds that cater to the different risk appetites of customers.