A premium structure for a low cost
endowment or other investment policy which allows the level of premiums payable
to commence at a lower level than would normally be expected and build up over a
period of time (normally the first five years).
The ultimate premium attained after the five year point is usually greater than
that which would have been on a level basis, but it does give you the benefit of
greatly reduced initial costs if you are on a very tight budget.
The total premiums payable under a low-start arrangement will exceed those
payable under a normal contribution structure to compensate for the loss of
investment growth on the reduced payments in the early years.