IFA Milton Keynes, Buckinghamshire ~ Financial Adviser Milton Keynes, Buckinghamshire ~ Financial Planning Milton Keynes, Bucks
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Increasing Term

Increasing Term Assurance

This type of cover protects you for a given term for an increasing level of benefit. The amount of life cover chosen at the outset rises annually by a predetermined factor, normally Retail Price Index (RPI). This is known as "indexation". The premium will also increase by the same factor. By selecting indexation you are protecting the purchasing power of your selected benefit. This is suitable for family protection.

  • works much like the level term insurance, except that the level of cover increases - and usually the premiums too.
  • worth considering if you are insuring for a long term, because increasing prices eat away at the value of a fixed level of cover.
  • the plan has no cash-in value at any time.

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Company address:
Reid Independent Financial Advisers, 12 Shenley Pavilions, Chalkdell Drive, Shenley Wood, Milton Keynes, Bucks, MK5 6LB
T: 01908 524582
F: 01908 526253

Email: enquiries@reidifa.com

Registration address as company address
Registration number: 2580331
Registered in: UK

Reid Independent Financial Advisers is a trading style of Reid & Co Financial Services Ltd.

Reid Independent Financial Advisers is authorised and regulated by the Financial Services Authority. Reid & Co Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 153984

The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, some forms of mortgage, tax planning, inheritance tax planning or offshore funds.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Telephone: 01908 524582 | enquiries@reidifa.com

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