Inflation is something to consider when you buy a policy. With an over 50s policy the pay-out amount is fixed. So if you take out a policy when you turn 50, but live until you’re 80, the pay-out might not have the same value 30 years on. For this reason, you may want to consider raising your cover amount slightly above what you initially thought. Ultimately, it’s impossible to predict the future, so this is purely down to your judgement.