
Visit our sponsor.
Term Assurance policies written under Pensions legislation, for which qualifying people get tax relief on the premiums.
Pension Term Assurance is obviously a good deal for those who qualify as the tax relief reduces the premium.
Otherwise same variation in contracts as under Term assurance.
There is a drawback however. If your position changes so that you can no longer qualify to pay the premiums you will have to switch to an ordinary term contract. If your health has changed then you might be unable to get insurance.
The thing to confirm is that your policy is can be switched under guaranteed insurability, ( i.e. you can have an ordinary contract set up irrespective of health at the time of the change ). If this is not offered then avoid the policy if it will run for any length of time.