Life Insurance Guide – 3/7

About Pension Term Assurance

Following the announcement in the Pre Budget Report on December 6th Pension Term Assurance (PTA) is currently no longer available to new customers.

What does this mean for you?

I already have a PTA policy in force?
Your policy will be unaffected and you will continue to benefit from the tax relief

I applied before December 6th but my application is not yet in force?
As long as the insurance provider had receipt of your application by midnight on December 13th you will be unaffected by the pre budget announcement and benefit from the tax relief. Your policy will need to be in force by April 5th 2007.

Please note; if you need to make any changes to your policy, for example amend the sum assured or extend the term, you may not be eligible for the tax relief. In this instance you will need to contact the insurance provider.

I applied after December 6th?
You will not be eligible for the benefits and your insurance provider will contact you directly.

If you have any further questions contact your insurance provider directly.

For details on other types of cover please read on to part four.