Which of the following factors does NOT make a life assurance plan qualifying?

The factor that does not contribute to a life assurance plan being classified as qualifying is an investment focus. A qualifying life assurance plan typically must align with specific regulatory requirements that emphasize the primary purpose of providing life cover rather than investment returns. Plans with a strong investment focus often include features that may detract from the life assurance aspect, complicating their qualification under tax or regulatory frameworks.

Factors such as annual premiums, a minimum term, and net premiums exceeding a certain threshold generally relate to the overall structure and purpose of the insurance plan. Annual premiums ensure a consistent funding mechanism, while having a term of at least 10 years demonstrates a long-term commitment to life coverage, which is a fundamental characteristic of qualifying plans. Additionally, the net premiums exceeding £3,600 reflects a commitment to substantial coverage. In contrast, an investment focus suggests that the plan may be intended for accumulation of wealth rather than solely providing protection, leading to its disqualification from being termed a qualifying plan.