Life insurance is a type of insurance that protects

Life insurance is a type of insurance that protects

Life insurance quotes, From £5 per month, Aviva DigiCare gives you access to an annual health check at no extra cost.

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When you take up life insurance with us, you'll get a free yearly health check, mental health counseling, nutritional help, and more through the Aviva DigiCare+ smartphone app.

What is life insurance and how does it work?

If you die during the policy term, life insurance might assist safeguard your family financially. It allows you to leave a lump payment to your loved ones, allowing them to maintain their living standards or pay off their mortgage.

It's entirely up to you how much protection you desire. Our flexible protection starts at just £5 a month, and once you've received a quote, we'll ask you as few as seven questions to see if we can help you.

Life insurance is typically only available after you've passed away, but ours may be able to assist you right immediately. Our security provides you with more than just financial support with annual health checkups, mental health counseling, and dietary help with the Aviva DigiCare+ smartphone app, powered by Square Health. It provides you with the resources and services you require to live your best life now. Please be advised that the DigiCare+ benefits are not included in your coverage and may be changed or eliminated in the future.

You can rely on these claims

In 20201, we paid out 99.3 percent of life insurance claims.

Coverage that is quick and easy

In just over 5 minutes, the majority of consumers receive a quote and a decision.

What is life insurance and how does it work?

If you die or are diagnosed with a terminal disease with a prognosis of fewer than 12 months, our coverage pays out a cash lump payment. Although everyone's circumstances are unique, there are a few things to consider when purchasing insurance.

Our life insurance dictionary will also come in handy if you're not familiar with the terminology.

Is it necessary for you to have life insurance?

Consider how much money your loved ones would require to sustain their quality of living if you were to die. This could include expenses like bills, mortgage payments, school fees, and any other debts you owe.

For how long do I require protection?

Consider how long your children will require financial support or when your other half may retire when determining how long you require coverage.

Is it better to have a joint or separate life insurance policy?

You can get a joint policy if you and your partner want to insure each other. This only pays out once and does not cover the second individual after the first dies.

You can also get two insurance, one for each of you. As a result, if one person's policy is paid out, the second person's policy will continue.

Our various sorts of covers

We offer two forms of life insurance: level and decreasing coverage. Both products are term insurance, which means they protect your loved ones for a set period of time.

Who you want to protect and how much you want to pay each month may influence the sort of insurance you choose.

Coverage on a level surface

Choose a lump sum to leave to your loved ones and the length of time you want your coverage to last. After that, you'll pay the same amount every month until your insurance expires.

This one-time payment may be used to help loved ones maintain their living standards. It might be used to pay off an interest-only loan or put toward living expenses and monthly bills like rent.

If you want to do the following, the level cover could be a decent alternative.

  • Cover the cost of your salary
  • Maintain the living standards of your loved ones.
  • If you become terminally ill, you may be eligible for assistance with health and living expenses.
  • Fees for your children's school or university should be paid.
  • Continue to make your mortgage payments on time.
  • Pay off a loan that is just interest-bearing.

Protecting your cover against inflation's effects

You can choose to have your insurance premiums rise in lockstep with inflation. This implies that your monthly payments may increase, but the lump sum will not be worthless in the future due to rising living costs.

If you choose this option, the maximum annual increase in your premium and cover 2 will be 15% and 10%, respectively.

Coverage is being reduced.

If you die during the policy term, you can use this form of coverage to help your loved ones pay off a repayment mortgage or long-term loan.

Unless you make any modifications to your policy, the coverage lasts for a certain period of time, and your monthly premiums are fixed.

The value of what you're paying off, as well as the cover, depreciates with time. As a result, it is frequently less expensive than a standard coverage.

What is covered by our life insurance

We'll pay out a cash lump amount if you die within the period of your insurance — it's that simple.

What's included

Payment in one go

You can choose up to £5 million in coverage, and if you make a successful claim, we'll pay the full amount.

If you die, you will be protected.

If you die during the insurance period, we'll pay you a lump payment — it's as simple as that.

Coverage for a home purchase

We'll give you up to 90 days of free life insurance if you buy a new house and take out life insurance at the same time.

As long as you've provided us a future start date that coincides with the completion of your house purchase, the free coverage begins when we've accepted your application and you've exchanged contracts/completed missives. Terms and conditions apply. For more information, see the policy summary.

Illness with a short lifespan

If you've been diagnosed with a terminal illness that fits our definition and you're not anticipated to live more than 12 months, you'll get your lump sum payout early. Your coverage will be terminated once payment is received, and no further claims will be paid.

The cover length is adjustable.

You have the option of selecting the period of coverage you require, ranging from short-term to 50 years, or until you reach the age of 90.

An advantage from separation

If you and your partner divorce, we can split your joint coverage into two plans.

What isn't included

Unfortunately, we are unable to cover all scenarios, including:

  • You have not paid your premiums.
  • If you stop paying, your insurance will end as well.
  • There is no cash-in value.
  • At any point, the policy has no financial value.
  • Death after the policy's expiration date
  • You get to decide how long your insurance will last. Your cover will end once it's completed, and we won't payout if you die.
  • In the first year, suicide and self-inflicted injuries were common.
  • If you die as a consequence of suicide or self-inflicted harm within the first 12 months of your insurance, you will not be covered.

Life insurance policy docs

See our policy language for a complete list of what's covered.

Summary of the Life Insurance Plan (PDF 104 KB)

Terms and conditions of the Life Insurance Plan (PDF 145 KB)

Concerning our insurance services (73 KB PDF)

Is it possible for you to get life insurance?

Even if you have a medical condition, you may usually receive life insurance if you tell us about it when you apply. We'll let you know if we can offer you coverage and how much it will cost once you've submitted your application.

To be considered for coverage, you must:

Be a permanent UK resident with authorization to stay in the country indefinitely.

You must be between the ages of 18 and 77.

Answer all questions honestly, and let us know if you have any existing medical issues.

You won't require a medical exam in most circumstances. But if we insist on having one, don't worry – we'll pay for it.

How much insurance will you require?

The quantity of life insurance coverage you have determines how much money will be paid out if you die. So think about how much money your loved ones will need to pay off a mortgage or keep up with payments, settle any debts, and cover living expenses. This will be determined by your unique circumstances.

Coverage for critical sickness and life insurance

You can add critical illness coverage to your life insurance application. They're two different insurance that covers different things, but you can buy them together.

A successful critical illness claim will have no bearing on your life insurance policy, which will continue to payout if you die during the policy period.

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