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5 Point Financial Planning
Phone numbers for 5 Point Financial Planning Ltd

Convertible Term

The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.

Convertible Term Assurance

Like Renewable Term Assurance, this type of term assurance contains an option at the end of the term. This time it is to convert it into an endowment or whole of life policy without the need for a medical. The option must be exercised before the plan ends. The level of protection cannot be increased upon conversion and, although your health is not taken into consideration at the time of conversion, the terms offered will be based on your age.

  • Option at specified dates to convert your protection-only policy into an investment type insurance policy based on your health at the time you took out the original term insurance.
  • The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policyholder
  • This option is of limited use.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.


Life Assurance Enquiry
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Company address:
5 Point Financial Planning Ltd, Suite S4, Moulton Park Business Centre, Redhouse Road, Moulton Park, Northamptonshire, NN3 6AQ
T: 01604 497566
F: 01604 497567

Email: contact@5pointdirect.co.uk

Registration address as company address
Registration number: 4962087
Registered in: England

5 Point Financial Planning Ltd is an appointed representative of Intrinsic Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Intrinsic Mortgage Planning Limited is entered on the FCA register (http://www.FCA.gov.uk/register/) under reference 440718.

The information and content within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Telephone: 01604 497566 | contact@5pointdirect.co.uk

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