Some insurance providers offer the choice of an ‘increasing cover’ policy. This increases the amount of benefit you get in line with your salary.
You can typically choose between:
Fixed increase cover – your benefit automatically increases every year by a fixed percentage. Be aware that the cost of your premiums will also go up.
Index-linked increasing cover – your benefit automatically goes up every year in line with inflation. Your premiums will also increase each year, usually at a slightly higher rate than the Retail Price Index (RPI).