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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.

Life Assurance Enquiry

Sterling Independent Advisers LLP is authorised and regulated by the Financial Services Authority (FSA). Sterling Independent Advisers LLP is entered on the FSA register (www.fsa.gov.uk/register/) under reference 469508.

The Financial Services Authority does not regulate taxation and trust advice National Savings products, will writing and some aspects of finance, off shore funds and buy to let mortgages.

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.

Company address: Sterling Independent Advisers LLP - Swan Court, Waterhouse Street, Hemel Hempstead, Hertfordshire, HP1 1DS
T: 01442 233210
F: 08714 290046

Email: advice@sterling-ind.com

Registration details: Registration address as company address
Registration number: OC328827
Registered in: England & Wales