Pulse Independent Insurance and Financial Advisers is a trading name of -
R J Hurst & Partners Ltd, authorised and regulated by the Financial Services Authority
Registered in England (No: 492768) at 131.133 New London Road, Chelmsford, Essex.
CM2 0QZ.
Directors: G.M. BERNCASTEL | J.T. BUGDEN | R. MCEWEN | S.A. SMITH
Pulse
Pulse Independent Insurance & Financial Advisers
Specialist Independent Advisers to the Medical Profession
Renewable term
If you require life cover, then here you will find a range of policies that meet
the needs of today's busy GP. In most cases you can obtain an immediate quote online
and arrange for the proposal form to be sent out to you. Before proceeding we ask
that you read the following:-
Renewable Term: Provides protection for a specified period chosen by you at outset, usually limited to 5 or 10 years. The benefit level is fixed at outset, unless an Indexation option is included, and becomes payable upon death within the term. Upon survival at the end of the term there is an option to continue cover for a further period of time, free from the provision of further medical evidence. Premiums would be adjusted to be appropriate to your age, benefit level and the underlying premium rate at that point. There is no cash value under the Plan. Premiums can be paid on a guaranteed or reviewable basis.
NOTES / OPTIONS:
Premiums:
Guaranteed premiums will not change throughout the time you hold your policy, unless you have index linked benefits.
Reviewable premiums will start out lower, but are reviewed regularly and are likely to increase over time with no guarantees as to by how much.
Waiver of Premium: This option can be chosen at outset and means that, for an additional premium, in the event that you are unable to work due to accident or illness, and subject to the individual Insurance Company’s Terms and Conditions, your premium would be paid for you until such time as you are able to return to work and recommence payment yourself.
Indexation of benefits : Although you can opt for level benefits, choosing to include indexation will help to offset the effects of inflation as benefit levels will rise each year by the level specified by the individual Company. Frequently this will be in line with RPI, subject to a maximum level. Premiums will also increase.
Critical Illness Cover: Payment in the event of diagnosis of one of a number of specified Critical Conditions can also be included for the majority of the aforementioned Plans. This can either be on a First Event Basis i.e. payment made upon the first to occur, with cover then ceasing; or on a Both Events Basis i.e. if you are diagnosed with a critical illness payment a lump sum benefit is made, and then a further payment is made upon death – subject to the Individual Policy chosen at outset and the terms that apply. For full details see our Critical Illness page.
Guaranteed Insurability Option: This option allows you to increase cover free from the provision of further medical evidence in certain circumstances e.g. moving house, having a child. Certain conditions apply and you should read the Individual Company literature closely.
Trusts: You may wish to place your Plan in trust so that benefits become payable to a nominated beneficiary in the event of a claim. Please see our Trust pages for further information.
Other options may be available and depend upon which Company you proceed with. Please ensure that you read the supporting Company Literature closely.