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.
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 in some cases this type of assurance is based on an assessment of the health of the applicant.
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.
IFA Financial Services have provided me with mortgage and pension advice over a number of years. They have consistently provided a highly professional and efficient service in an extremely friendly and approachable manner. Advice, whenever needed, is readily given and clearly explained. I feel that my financial affairs are in very safe hands and on this basis I would recommend then to anyone.
The staff were very friendly and helpful to ease us through this process. Thank you all very much for sorting out this for me and if I need any help in the future I know where to come.
Allowing IFA to guide my husband and I with our finances is one of the best decisions I have made. I feel secure with arrangements for my pension and savings. You know they are genuinely interested in helping when they advise you to leaving certain savings where they are rather than them taking control.
I had paid little attention to my pension arrangements during a working life where I ran several of my own companies and was both was self-employed and an employee for periods. Frankly I was suspicious of “financial advisers” during the bad old days of the 70s, 80s and 90s when they were nothing more than insurance salesman more motivated by commission payments than their clients’ well-being.
We were recommended to IFA by a friend as I was in need of advice about my pension arrangements. I am happy to say that the advice we received has proved very beneficial and although our circumstances have changed quite a few times since our first meeting in 2016 we have found IFA to be helpful in discussing our new needs and prompt in meeting our requirements.
CONTACT US
IFA Financial Services
Stablegate, Sworders Yard
19a North Street
Bishops Stortford
Hertfordshire
CM23 2LD
T: 01279 655200
Email Us
IFA Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 447432 http://www.fca.org.uk/register.
IFA Financial Services (UK) Ltd Registered Address: Stablegate, Sworders Yard, 19a North Street, CM23 2LD. Registered in England & Wales, No. 5667653.
Neither IFA Financial Services (UK) Ltd nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.
The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at http://www.financial-ombudsman.org.uk.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.
© Copyright 2021 - Adviser Pro - All Rights Reserved
Design and Developed by Adviser Pro © 2021