You have three Options: Buy another Term Plan: It is difficult to predict all variables in life- expanding income, changing lifestyle and Inflation. Another term plan later in life can provide the extra protection but obviously the premium will also increase. Buy an increasing cover option: There are increasing cover term plans options which increase cover by a fixed percentage every year. But they have a cap on max cover that the term plan can reach. Buy a term plan with Life Stage option: If the cover becomes inadequate because of major life events like- Marriage or child, cover can be increased by a fixed amount at an additional premium.