Overview: This plan is designed to provide life cover throughout a policyholder's life. It incorpor...
Overview: This plan is designed to provide life cover throughout a policyholder's life. It incorporates the following: • It is non-qualifying, with a qualifying version used when existing term assurance policyholders wish to exercise their conversion option. • Cover can be arranged on a level, or an increasing basis - this must be selected at the outset. • Cover can be arranged on a single life, joint life first death or joint life second death basis. • Premiums can be payable monthly or annually, or a one-off single premium can be paid. • The contract can be arranged so that pre...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes