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.

Renewable Term Assurance

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.

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Renewable

I Would also like to consider critical illness

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Other Areas of Expertise

- Wealth Management
  
  Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation and investment risks.
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- Taxation
  
  Most of us face being taxed on our income, our capital gains, and in some circumstances the value of our estate when we die.
  
  Taxation can be very complicated and the rules, reliefs and allowances often change
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- Savings & Investments
  
  When someone talks about savings and saving money, it could be referring to a piggy bank or a high interest deposit account. Savings are effectively cash or cash instruments, such as deposit accounts, term bonds etc.
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- Pensions
  
  When you retire you still need food and shelter as an absolute minimum, but of course you will want to maintain the lifestyle to which you have become accustomed, so unless you can guarantee a large inheritance,
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- Mortgages
  
  Your mortgage is probably the largest financial transaction and commitment you are likely to undertake. Surely then you should seek mortgage advice which is individually tailored to your needs and requirements?
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  Health Insurance is probably one of the most important types of insurance you can own. Without it, an illness or accident can have serious long-term financial implications for you and your family.
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- General Insurance
  
  This is an area of financial planning that is often overlooked. Traditionally, we have our buildings and contents insurance with our mortgage lenders, which may be uncompetitive in a very competitive marketplace. It may also
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- Financial Planning
  
  Professional Financial Planning is the process which aims to help you realise your ambitions - whatever they may be. As professional financial advisers we can help you make informed decisions about your financial future,
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Client Testimonials

We have always found him to be polite and conscientious and willing to take time to discuss all the relevant points and the merits of each option being considered. We look forward to receiving his advice for many years to come.

Mr & Mrs L of Shropshire
I will continue to recommend you to friends, colleagues and business partners

Alyson, Shropshire
From the outset, we experienced professionalism and - just as importantly - genuine care

Peter & Sue, Shropshire
We look forward to using your services again in the future and will definitely be recommending you

Grace & Rob, Shropshire
We have benefitted from your financial advice for the past 15 years. During this time we have been provided with sound financial advice that has seen our investments perform very well indeed.

Mr & Mrs L of Pontesbury
I should also like to thank you for your excellent service and advice - absolutely first class.....

Mrs L, Shrewsbury
the service you provided was faultless. Will get in touch soon

Gita, Shrewsbury
GOLD STAR FOR CUSTOMER SERVICE!

Mrs S, Shropshire
we received a professional service from the whole team. They took the time to understand our circumstances, which were challenging, and found us a product which ticked all our boxes within our timeframes. We wouldn't have been able to find such a good deal independently.

Kevin & Michelle, Shropshire
We will never forget your kindness and we shall always be grateful

Mr & Mrs Lewis, Shropshire
people who do such things show they care about the individual rather than look at them as a business deal. I wish you continued success for your business and l will certainly recommend you to family and friends

James, Lincolnshire

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Masons Independent Financial Advisers
6 St. Johns Hill
Shrewsbury
Shropshire
SY1 1JD
Phone : 01743 244288
Email Us

The guidance provided within this website is subject to the uk regulatory regime and is therefore primarily targeted at consumers based in the UK.

DACO Associates Limited is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (www.fca.org.uk/register) under reference 586519.

Masons Independent Financial Advisers & Mortgage Port are trading styles of DACO Associates Limited.

Registered Office: 2 Woodside Mews, Clayton Wood Close, Leeds, West Yorkshire, LS16 6QE. ---- Registered in England & Wales No 08072341.