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Increasing Term Assurance
Protection advice from ASC Financial Solutions – Milton Keynes, Buckinghamshire
Increasing Term Assurance protects you for a given term for an increasing level of benefit. The amount of life cover chosen originally rises annually by predetermined factor, normally Retail Price Index (RPI). This is known as ‘indexation’. The premium also increases by the same factor. This type of cover is suitable for family protection.
Increasing Term Features
- The level of cover increases along with the premiums.
- Ideal if you are insuring for the long term as increasing prices whittle away at the value of a fixed level of cover.
- The plan has no cash-in value at any time.
- Cover will cease in payments are not met.
Request an appointment with a Financial Adviser in Buckinghamshire, Bedfordshire or Hertfordshire.
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