How can I increase my life insurance coverage in Nevada?

Increasing life insurance coverage typically requires one of three approaches: applying for a new policy, adding coverage to an existing policy, or exercising a guaranteed insurability rider if you have one.

Applying for additional coverage from the same or a new carrier is the most common approach. New underwriting is required based on your current age and health. If your health has changed since your original policy, the new coverage may be more expensive or require additional review. However, favorable health changes (weight loss, quitting smoking) can result in better rates than your original policy.

If your existing permanent policy has a guaranteed insurability rider, you may be able to increase coverage at specified option dates without health underwriting—even if your health has declined. This is why purchasing this rider early is valuable.

Some carriers allow policy endorsements that increase coverage within certain limits and timeframes without full medical underwriting—typically within the first few years of a policy for qualifying events like marriage or birth. Contact your current carrier or agent to ask about endorsement options.

For term policies, some carriers allow a separate term policy to be layered on top of existing coverage. Agents in our network can evaluate whether adding to an existing policy or purchasing a new policy offers the best outcome for your current needs and health status.