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Guaranteed future insurability and future insurability benefit

Helping you always have the cover you need

Taking out life insurance cover may be one of the most important things you can do for your loved ones, providing future financial security after you pass away. But it can be tough to know whether you have the right level of protection, especially as your needs and circumstances often change throughout your lifetime.

You can speak to your adviser about ways to change the level of cover you hold. One way, known as guaranteed future insurability or future insurability benefit, is an in-built feature available in many products that makes it easier to get the amount of cover you need if there’s a significant change in your life, while avoiding unnecessary paperwork.

How it works

A change in personal circumstances can trigger the need to increase your level of life insurance cover. With guaranteed future insurability or future insurability benefit, you may be able to simplify the application process to increase your cover after certain ‘life trigger’ events have occurred. Unlike the usual process of applying for an increase in insurance cover, you won’t have to go through the underwriting process or provide any medical information – as long as the policy you hold has this feature included.

If you are eligible for this feature you can apply to increase your cover once in any 12-month period by either a percentage or a set amount. You can find out whether your specific insurance plan includes this feature by contacting AMP Life, reviewing the information forms below or by asking your financial adviser to review your policy in detail. Ensuring you have the right level of protection can provide peace of mind, no matter what happens in life.

What are the common life trigger events your policy may hold?

  • Getting married or divorced
  • Having or legally adopting a child
  • Your child starting school
  • Taking out a home loan to buy your first home
  • Completing your first undergraduate degree
  • Becoming a carer for the first time


Find the right form

Use the below form to review your eligibility and increase your insurance cover under the Future Insurability benefit for the following AMP Life insurance plans:  

  • AMP Elevate insurance
  • Ex-NMLA insurance (commencing after 25 July 2005).
Future insurability benefit for Life, Total and Permanent Disability (TPD) and Trauma insurance form (Form 80051.0_RL) 

Use the appropriate form below to review your eligibility and increase your insurance cover with Guaranteed Future Insurability under your Flexible Lifetime – Protection plan.

Guaranteed Future Insurability application form for Death, Total and Permanent Disablement (TPD) and Trauma cover (Form NS3261_RL)

Guaranteed Future Insurability application form for Income Protection plan (Form NS3380_RL)

Get the protection you need

While guaranteed future insurability or future insurability benefit can be used to apply for higher cover following specific life events it’s still important to review your life insurance policy regularly to make sure it’s appropriate for your needs.

Your financial adviser can help you make sure you have the right type and amount of cover for your situation – taking into consideration your budget, income, debts and lifestyle.

Find out more:

If you have any questions about your insurance:

Important information

AMP Life Limited ABN 84 079 300 379, AFSL No. 233671 (AMP Life), has proudly served customers in Australia since 1849. AMP Limited ABN 49 079 354 519 (AMP Limited) has sold AMP Life to the Resolution Life group whilst retaining a minority economic interest. AMP Limited has no day-to-day involvement in the management of AMP Life whose products and services are not affiliated with or guaranteed by AMP Limited. AMP Limited is not liable for products issued by AMP Life or any statements or representations made in the PDS for those products. “AMP”, “AMP Life” and any other AMP trademarks are used by AMP Life under licence from AMP Limited. AMP Life is part of the Resolution Life group and can be contacted on 133 731 or via the contact us page.

Any advice and information on this article is general in nature and is provided by AMP Life, which is part of the Resolution Life group. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters as well as the relevant product disclosure statement (PDS), available from AMP Life at amplife.com.au or by calling 133 731, before making a decision about the product. Consider speaking to a financial adviser if you have any concerns.

AMP Elevate insurance is jointly issued by Equity Trustees Superannuation Limited (ETSL) ABN 50 055 641 757 (trustee) AFS Licence No. 229757 RSE Licence L0001458 as trustee for the National Mutual Retirement Fund and AMP Life.

If you decide to purchase or vary a financial product, AMP Life and/or other companies within the Resolution Life group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments. You can ask us for more details.

AMP Life is part of the Resolution Life group and can be contacted on 133 731 or via the contact us page.