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AFL Financial Planning Services

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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.

Life Assurance Enquiry

Company address:
AFL Financial Planning Services, Lower Ground Floor, 24 Nith Place, Dumfries Town Centre, Dumfries & Galloway, DG1 2PN
T: 01387 254780
F: 01387 257427

Email: ifa@aflfp.com

Partners: Paul Malin and John Murdoch

AFL Financial Planning Services is an appointed representative of Paradigm Financial Advisers Ltd, Brooke Court, Lower Meadow Road, Wilmslow, Cheshire, SK9 3ND which is authorised and regulated by the Financial Services Authority

The Financial Services Authority does not regulate National Savings products, finance, will writing, taxation and trust advice and some types of offshore investments.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Company phone: 01387 254780 | ifa@aflfp.com

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