Convertible Term Assurance

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Convertible Term Assurance

In life insurance this is a provision within a contract that allows it to be converted into something of greater value, for example convertible term assurance could be converted in the future into Whole of Life assurance.

The life insurance company generally charges a higher premium for these contracts but still far cheaper than the whole of Life Insurance would be at that time.

This allows the client to get some degree of insurance but at a later date apply free of any underwriting for a more comprehensive plan.

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Life-Ins.co.uk is a service provided by Invest & Protect Ltd registered office 45 Market Street Hoylake Wirral registered in England and Wales Registration number 4566052

Invest & Protect Ltd is authorised and regulated by the Financial Services Authority under firm reference number 439830. The financial services authority does not regulate inheritance tax planning.

Invest & Protect LTD
45 Market Street
Wirral
Cheshire
CH47 2BQ

Tel 0845 22 55 191

Fax 0151 632 2117

email:
info@life-ins.co.uk

Office Hours
9am - 5pm