What feature allows insured individuals to increase benefit levels without providing further evidence of insurability?

The feature that allows insured individuals to increase their benefit levels without needing to provide further evidence of insurability is known as the guarantee of insurability. This provision is beneficial because it enables policyholders to enhance their coverage based on predetermined options, regardless of any changes to their health status that might affect their insurability.

When this option is included in an insurance policy, it instills additional security for the insured, as it can accommodate their growing needs for coverage over time—such as aging or possible changes in health—without the potential barrier of proving that they are still insurable. This aspect is particularly advantageous for individuals who may fear their health could deteriorate in the future, making it harder or even impossible to obtain additional coverage later on.

The other terms mentioned relate to different aspects of health insurance. Long-term care policies are specifically designed to cover long-term care services, while an outline of coverage provides details about what the policy entails, including limitations and exclusions. A physical examination report might be necessary for other types of insurance or when applying for a new policy but does not pertain to the ability to raise benefit levels without further proof of insurability.