Mortgage Advice Northampton & Poole ~ Insurance Advice Northampton & Poole ~ Protection Advice Northampton & Poole
Rent To Buy Advice Northampton & Poole ~ Buy to Rent Advisers Northampton & Poole

left webpage shadowright webpage shadow
5 Point Financial Planning Ltd Logo
5 Point Financial Planning
Phone numbers for 5 Point Financial Planning Ltd

Renewable 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.

Renewable Term Assurance

This type of Term Assurance gives you the option, at the end of the original term, to extend the policy for a further term, without the need for Medical Underwriting. The new premium will be based upon your age at the time you take up the option. This type of cover is initially relatively inexpensive, but the premium will be higher than for ordinary term assurance and could rise substantially at the time of renewal.

  • Allows you to extend the insurance term when it comes to an end
  • The premium you then pay is based on your health at the time you took out the original policy, even if your health has subsequently deteriorated
  • A useful variation for dealing with the unexpected, such as a child who stays in full-time education for longer than you had anticipated.

This could also be a good option if you cannot, at present, afford the level of cover you need for the period you require. You could take out the cover you need but for a shorter period and, at the end of the period, you could take up your option for a further period. Premiums would then be higher because you would be older, but there would be no additional charge even if you had developed health problems.

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


Life Assurance Enquiry
In the news

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

Designed & developed by Web Pro IT © 2009

Mortgage Adviser Northampton & Poole ~ Company Insurance Broker Northampton & Poole ~ Protection Advisors