Convertible Term

What is Convertible Term Assurance?

Convertible Term Assurance also pays a lump sum on death but allows you to extend the cover beyond the term any time before the expiry of your existing policy without medical underwriting.


Does it cost more than Level Term?

Convertible Term Assurance is more expensive than Level Term Assurance as you are paying a higher premium for the option of extending your cover in the future regardless of your state of health.


What Michael Hannon Financial Services can do for you?

Michael Hannon Financial Services is a large independent brokerage company in Ireland and we deal with many of the major life companies in the State. This allows us to research the market for you and identify the most suitable product to meet your needs and financial objectives, through the companies listed on my terms of business letter.