C O V E R T A B L E  T E R M  
A S S U R A N C E

Or RTA as it is also known.

This is is a form of Level Term Assurance and is designed to provide basic term assurance cover at outset with the option to convert to other types of policies such as Whole Of Life Insurance in later years as your personal and financial circumstances change.

There is generally restrictions on the types of policy that it can be converted to and on the dates when conversion is allowed.

Normally, conversion can take place without any additional medical information or any underwriting. It is for this reason that it is of great benefit as it means that you can purchase much needed cheaper life cover today and upgrade it to a better type of plan as you can afford it in the future.

There is usually a nominal cost at outset for this type of plan as the insurer is taking an unforeseen risk to provide cover in the future.

You will also find that this cover will normally only be available to people with little or no adverse medical history.