Personal insurance cover should be reviewed regularly to ensure it is still appropriate as the level of personal risk changes with different life stages and events.
It is a good idea to take advice before you replace your existing policy with a new one, just to make sure you won’t be losing a benefit you really wanted to keep.
The FSC provides a form which your adviser may use in discussing with you whether you should replace your existing policy. It is designed with one side for advisers and the other side for policy owners. Advisers are not required by regulation to use this form but many will as it helps with the decision-making process, and may be required by some product providers.
There is also an information brochure Get the most out of life which outlines what you should think about before you make your decision.
Copies of the form and brochure can be downloaded here