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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 basic 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 address:
Mill Lane Asset Management, 20 Norman Way, Melton Mowbray, Leicestershire, LE13 1JE
T: 01664 483124
F: 01664 483125

Email: enquiries@milllane.com

Registration address:
Manufactory House, Bell Lane, Hertford, Hertfordshire SG14 1BP
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 and some forms of mortgage, 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.

Company phone: 01664 483124 | enquiries@milllane.com

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