Life Insurance from Aviva

Make sure you choose the right type and amount of cover you need:
 

Level term life insurance

• Provides a lump sum on death or terminal illness to provide financial help for your family
• The premium and level of cover remains the same throughout the term of the policy
• Available on a single or joint life basis but note that the policy pays out only on the first death

What you need to know:

• Monthly premiums from £5 a month, which is just 17p per day
• The policy pays out if you die during the term of the policy or if, before the last 18 months of the term, you are diagnosed with a terminal illness. A terminal illness means you are not expected to live for more than 12 months
• Life insurance policies will only pay out once within the agreed term so if the policy pays out because of a terminal illness claim, the policy and cover will end
• This plan has no cash-in value at any time
• Aviva Life Insurance is only available to UK residents aged between 18 and 66. Cover will stop on your 70th birthday

Joint cover

• You can take out cover with your partner or another loved one. The policy only pays out once so if one person dies and a claim is paid, the policy will end
• If you prefer, you can each set up cover individually

Make sure you choose the right type and amount of cover you need:
 

Decreasing term life insurance:

• Provides a lump sum on death or diagnosis of terminal illness
• Usually used to cover mortgages or other loans where the amount owed decreases year on year
• The level of cover reduces each year in line with the sum you owe
• The sum assured payable on death is guaranteed to cover the outstanding loan ²

What else you need to know:

• Monthly premiums from £5 a month, which is just 17p per day
• If you die within the term of the policy, it will pay out a lump sum to help clear whatever is outstanding on your debt at that point
• This plan has no cash-in value at any time
• Premiums for decreasing term insurance could be cheaper than other types of life insurance because of the reducing level of cover
• Aviva Life Insurance is only available to UK residents aged between 18 and 66. Cover will stop on your 70th birthday

Joint cover

• You can take out cover with your partner or another loved one. The policy only pays out once so if one person dies and a claim is paid, the policy will end.
• If you prefer, you can each set up cover individually