Helen, if having examined your policy document you decide serious illness cover is not required then go back to your existing company and ask them to remove it. Some companies may be able to do this (internally they rewrite the policy) but others can't because they have locked in at a guaranteed rate and can't break out of it. Serious illness mortgage protection rates increased substantially over the past few years so if you took out your policy a few years back be careful as it may be offering you very good value for money compared to what you would have to pay for the exact same policy taken out today. If you are in good health with no adverse medical history then it is not complicated to downgrade and change policies. Be careful as there are many who encourage churning with little consideration for your interests because it gets them uplift commission. If in doubt get independent financial advice. The financial regulator produces a fee booklet which they will post out to you request.