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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 addresses:

Melton Mowbray Office
Mill Lane Asset Management
20 Norman Way
Melton Mowbray
Leicestershire, LE13 1JE
T: 01664 483124

Email: Melton@MillLane.com

Oakham Office
Mill Lane Asset Management
Knights Yard, Gaol Street
Oakham
Rutland, LE15 6AQ
T: 01572 757587

Email: Oakham@MillLane.com

Registration address as Melton Mowbray office address
Registration number: 03568547
Registered in: England

Mill Lane Asset Management Ltd is An Appointed
Representative of Sesame Ltd., which is authorised and
regulated by the Financial Services Authority

Sesame Ltd is entered on the FSA register
(www.fsa.gov.uk/register/) under reference 150427.

The FSA do not regulate National savings products, loans,
Will writing, Commercial Mortgages and some forms of buy
to let mortgages, offshore funds and inheritance tax
planning.

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

Telephone: 01664 483124 | enquiries@MillLane.com

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