AVIVA life insurance is one of the household names of life insurance in the UK. With a range of policies AVIVA can provide you with the peace of mind that should the worst happen your family will at least be relieved on any financial worries.
In the event of your death, AVIVA will pay out a cash lump sum to your loved ones which can be used for any purpose, such as to pay off an outstanding mortgage. With this type of cover, there is no cash-in value for your policy at any time. If you stop paying the premiums or live to the end of the term then you will not receive any money back. You will, however, still be alive!
Our advisers can explain all of the options to you so that you can choose the most appropriate policy for your specific circumstances.
You can choose between level cover and decreasing cover. Level cover will pay out the same amount in the event of your death over the life of the policy. For example, it may be used to pay off an interest only mortgage where the amount outstanding remains the same over the period of the policy.
Decreasing cover will lower the amount paid out over the life of the policy – usually in line with the outstanding amounts on a repayment mortgage. This type of cover tends to be cheaper.
There is also an option for Terminal Illness Benefit with AVIVA: This will pay out in the event that you are diagnosed with a terminal illness and you are not expected to survive for more than 12 months. There must also be at least 18 months left to run on your policy.
- Premiums guaranteed not to rise over the life of the policy
- Our brokers can explain all the options and arrange cover quickly
- Premiums can start from just £5 per month depending on your circumstances