Skip to main content
MENU
  • Home
  • About Us
  • How We Work
  • Privacy Policy
    • Cookie Policy
  • Treating Customers Fairly
  • Contact Us
  • Pensions
    • Pensions
    • Introduction
    • NEST
    • Annuities
    • Income Drawdown
    • Executive Pension Plan
    • Occupational / Auto Enrolment
    • Personal
    • SIPP
    • SSAS
    • Stakeholder
    • State Pensions
  • Savings & Investments
    • Savings & Investments
    • Introduction
    • Collectives
    • Capital Investment Bonds
    • Fixed Interest Investments
    • Investment Trusts
    • ISAs
    • National Savings Products
    • OEICs
    • Offshore Collectives
    • Unit Trusts
    • With-Profits
  • Life Assurance
    • Life Assurance
    • Introduction
    • Decreasing Term
    • Convertible Term
    • Family Income Benefit
    • Increasing Term
    • Investment Linked
    • Level Term
    • Renewable Term
    • Whole of Life
  • Health Insurance
    • Health Insurance
    • Introduction
    • Critical Illness
    • Income Protection
    • Private Medical
  • Enquiry Forms
    • Enquiry Forms
    • General Enquiries
    • Pension Enquiries
    • Investment Enquiries
    • Protection Enquiries
  • Financial Calculators
    • Financial Calculators
    • Annual Investment Calculator
    • Monthly Investment Calculator
    • Single Investment Calculator
  • Market Data
  • Research Links
  • Pensions
    • Introduction
    • NEST
    • Annuities
    • Income Drawdown
    • Executive Pension Plan
    • Occupational / Auto Enrolment
    • Personal
    • SIPP
    • SSAS
    • Stakeholder
    • State Pensions
  • Savings & Investments
    • Introduction
    • Collectives
    • Capital Investment Bonds
    • Fixed Interest Investments
    • Investment Trusts
    • ISAs
    • National Savings Products
    • OEICs
    • Offshore Collectives
    • Unit Trusts
    • With-Profits
  • Life Assurance
    • Introduction
    • Decreasing Term
    • Convertible Term
    • Family Income Benefit
    • Increasing Term
    • Investment Linked
    • Level Term
    • Renewable Term
    • Whole of Life
  • Health Insurance
    • Introduction
    • Critical Illness
    • Income Protection
    • Private Medical
  • Enquiry Forms
    • General Enquiries
    • Pension Enquiries
    • Investment Enquiries
    • Protection Enquiries
  • Financial Calculators
    • Annual Investment Calculator
    • Monthly Investment Calculator
    • Single Investment Calculator
  • Market Data
  • Research Links
  • Home
  • Renewable Term

Renewable Term

Renewable Term Assurance

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.

  • Allows you to extend the insurance term when it comes to an end
  • The premium you then pay is based on your health at the time you took out the original policy, even if your health has subsequently deteriorated
  • A useful variation for dealing with the unexpected, such as a child who stays in full-time education for longer than you had anticipated.

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.

PROTECTION ENQUIRY FORM

Your Address

Cover Required

Lives Assured

1st Life Assured

2nd Life Assured

Marketing Information

Sensitive Personal Data

We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgages products.

If you consent to us obtaining your sensitive personal data from third parties referred to above for the purpose of providing you with the services, and sharing it with third party providers to obtain quotes on your behalf, for example where we are providing you with mortgage or protection advice as part of our services, please tick this box.

Submit your Information

From time to time, we would like to contact you with details about our services, products, business updates and events. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you:

Email
Telephone
Post
Yes please, I'd like to hear about offers and services.
No thanks, I don't want to hear about offers and services.
Please tick this box to confirm you have read and understood our privacy policy.

Company address: Premier Portfolio Financial Services, Churchill House, 120 Bunns Lane, London, NW7 2AS
T: 020 8446 7444 F: 020 8446 5553 Email: enquiries@premierportfolio.co.uk

The levels and bases of taxation are subject to change.

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. This site does not confer any form of personalised financial advice. Should you wish to receive specific financial advice please contact us.

Premier Portfolio Financial Services is a trading name of Fairstone Financial Management Ltd. Fairstone Financial Management Ltd is authorised and regulated by the Financial Conduct Authority – FRN 475973. Part of the Fairstone Group. Registered Address: 1 The Bulrushes, Woodstock Way, Boldon Business Park, Tyne and Wear NE35 9PF.

© Copyright 2021 Adviser Pro. All Rights Reserved.

Design and Development by Adviser Pro