A complete guide to Aviva income protection insurance, are…
Aviva is the UK’s largest insurer, providing life insurance to more than 11 million customers nationwide.
Aviva life insurance policy options include:
In this in-depth review, we explore these policies in detail, as well as the cost of Aviva life insurance and extra benefits they offer.
At Reassured, we can provide you with free quotes for Aviva term life insurance, with prices starting from just £3.50-a-monthˆ.
We can also compare Aviva quotes with other top UK insurers, including Legal & General, Zurich and AIG, helping you to find the best possible deal.
In 2022, Reassured helped arrange more than 17,000 affordable Aviva life insurance policies. Get in touch today and secure the right financial protection for your loved ones should the worst happen.
Aviva is the largest UK insurance company and one of the biggest insurers in Europe.
They also operate in over 16 countries with more than 18.5 million customers.
As well as life insurance, Aviva is also well-known for car and home insurance, as well as retirement and investment solutions.
Aviva has a long and complex history dating back more than 325 years. Here’s a brief history of Aviva life insurance company:
1600s - Aviva started out in 1696 as Hand in Hand
1700s - In 1706 they began selling life insurance as the Amicable Society
1800s - Norwich Union took over in the early 1800s and the company started overseas expansion
2000s - Following several merges, the company became CGNU in 2000 and officially rebranded as Aviva in 2009
With a wealth of history and many years of experience providing life insurance cover, Aviva is known to be a safe and reliable life insurance company.
Aviva term life insurance can be secured through Reassured from as little as £3.50-a-month.
However, the exact cost of your cover will depend on your personal circumstances and the type of policy you’ve chosen.
The information required during the application process to calculate your life insurance premiums includes:
The table below shows pricing examples of Aviva life insurance through Reassured.
Quotes are based on a non-smoker, in good health, taking out £150,000 of cover with a 20 year term:
|Age||Level term life insurance monthly premium||Decreasing term life insurance monthly premium|
Please note: quotes are subject to individual status and medical underwriting
Comparing quotes will allow you to secure the best possible price for a policy that meets all of your needs. Get in touch with a friendly member of our team today or use our online comparison service to get your free quotes.
Aviva offer a range of life insurance policies. The option that’s best for you will depend on various factors including your specific age, budget and what you want to protect.
Aviva level term life insurance works in the same way as any other level term policy.
It provides a fixed sum assured (cover amount) which will pay out if you pass away within the policy term.
While the maximum pay out is £5 million, you’ll only be able to secure as much cover as you need and can afford.
You can choose the length of your cover (between 1 and 50 years up to the age of 90) based on what you want it to protect.
For example, your policy term could mirror that of your mortgage to ensure that your family could pay off the remaining balance if anything happened to you.
Level term life insurance can also provide a financial safety net for your family to help them cover daily living costs.
Compare Aviva level term life insurance through Reassured to find the best deal we can offer you.
Aviva decreasing term life insurance is also known as Aviva mortgage life insurance.
This is because it provides a sum assured that reduces over the term (but your premiums remain fixed), making it ideal for helping to cover a repayment mortgage.
The sum assured can reduce at the same rate as your remaining balance and the policy term can mirror your mortgage term.
So, if you were to pass away while the policy is active, your loved ones could pay off the mortgage and remain in their family home.
It's common across different insurers for decreasing term cover to be cheaper than other policy types.
Why not let us help you secure the most cost-effective decreasing term life insurance?
Increasing term life insurance is an option offered by Aviva if you want to protect your pay out from inflation.
With this type of policy, Aviva would increase your sum assured annually in line with the cost of living.
This would ensure that your pay out amount isn’t worth less in the future, and your loved ones would receive what you intended for them.
The amount it is increased by is determined by the Consumer Prices Index (CPI), to a maximum of 10% each year.
Your monthly premiums would also increase to a maximum of 15% each year.
Over 50s insurance, also known as an over 50s plan, offers a guaranteed pay out to your loved ones after you pass away.
This form of cover is often used to help cover a funeral, clear outstanding debts and/or to leave a small inheritance.
Unlike the other policy types mentioned, you’re not required to provide any medical information to Aviva during the application process as acceptance is guaranteed for those aged 50 - 80.
When taking out an over 50s plan through Aviva, they’ll allow you to choose a premium amount that fits into your budget, this can be between £5 - £100 a month.
This will then dictate the level of cover you can take out (up to a maximum of £25,000).
At Reassured we can compare quotes for over 50 life insurance from other leading providers starting from just £5-a-month + . Why not get in touch for your free quotes?
Aviva offer the option to take out their term life insurance policies on a joint basis.
With a joint life insurance policy, two lives will be covered simultaneously under one policy.
There’s only one application to fill in and you’ll only need to pay one premium - which can help you to save some money.
However, this means that there will only be one pay out (upon the death of the first partner) after which the policy will expire.
This means the surviving partner will need to secure new cover at an older age (and at a potentially higher price point).
If it’s within your budget, it can be beneficial to secure two single policies to provide two pay outs upon the death of each partner.
The table below shows the average cost of two single life insurance policies vs a joint policy.
Quotes are based on non-smokers, in good health, taking out £150,000 of level term life cover with a 20 year term:
|Age||Joint policy||Two single policies||% Saving|
Contact Reassured for your personalised Aviva joint life insurance quotes to find the best option to meet your needs.
Critical illness cover (CIC) provides you with a cash lump sum pay out if you’re diagnosed with a critical (not terminal) illness during the policy term.
It can provide a financial safety net for you and your family while you’re unable to work.
The pay out can be used to help cover costs that your usual income would cover, such as:
The funds could also be used to pay for private medical care or hire a home carer.
You can take out critical illness cover through us when combined with a level term or decreasing term life insurance policy.
See some example premium prices in the table below.
Quotes are based on a non-smoker in good health taking out £300,000 of life cover and £30,000 of critical illness cover over a 20 year term:
|Age||Level term + CIC monthly premium||Decreasing term + CIC monthly premium|
Aviva life insurance policies can come with many added benefits at no extra cost.
These include the following:
|House purchase cover||Receive 90 days free life insurance if you're taking out Aviva life insurance to cover your mortgage (up to £500,000).|
The free cover will start once your application has been accepted, you’ve exchanged contracts and the purchase of your new home is completed.
Only available with term policies.
|Terminal illness cover||All term polices come with terminal illness cover as standard. This allows you to make an early claim if you’re diagnosed with a life-threatening illness and predicted to pass away within 12 months.|
The funds can be used to help your dependants cope with the loss of an income, pay for homecare or make adaptions to your home.
Only available with term polices.
|Aviva DigiCare+ app||When taking out life insurance with Aviva, you can receive free access to the DigiCare+ app which provides annual health checks, discounts on gym membership, nutrition advice, mental health counselling and more.|
Available with all policies.
|Separation benefit||This benefit allows you to split a joint policy into two single policies if you separate from your partner, without an additional cost.|
You won’t need to provide any extra medical information to take out the new policies.
Only available with joint term policies and joint critical illness policies.
|Life change benefit||Also known as guaranteed insurability, this benefit allows you to increase your life cover (to the maximum of £200,000) if your circumstances change during the policy term.|
Life changing events can include marriage, divorce, a new baby or taking on a bigger mortgage. You won’t need to provide any medical information to take out more cover.
Only available with term and critical illness policies.
|Children’s critical illness cover||Receive free cover for your children if you take out critical illness cover. If your child is diagnosed with a critical illness defined in your policy (up to 32 illnesses), Aviva will pay out 50% of the cover amount to a maximum of £25,000.|
Additionally, if your child was to pass away during the policy term, then Aviva will pay a children’s death benefit of £5,000.
Only available with critical illness policies.
When taking out an Aviva life insurance policy, on its own or with added critical illness cover, you could be eligible for some (or all) of these free benefits.
Their life insurance policies can also come with optional benefits which you can choose to include for an additional cost. These include the following:
|Fracture cover||Receive a lump sum if you fracture a bone while your policy is active. 18 fractures are covered including skull, cheekbone and jaw.|
|Global treatment cover||Provides access to overseas medical treatment for you and your children.|
|Waiver of premium||If you’re too ill or injured to go work and can’t earn an income, Aviva will pay your premiums (instead of cancelling your policy).|
|Renewal option||Renew your policy at the end of the term without having to provide any new medical information.|
|Conversion option||Convert your level policy to a whole of life policy at any point during the term.|
Get in touch with Reassured to learn more about the policies we can offer and which additional benefits you could receive.
Aviva provide their customers with the option to write their life insurance in trust.
Writing a policy in trust means assigning a trustee to have control of your policy after you pass away.
The trustee will be responsible for distributing the pay out as per your wishes.
At Reassured we offer a free trust service on the majority of the policies we arrange, where we can guide you through the process and help you to write your Aviva life insurance policy in trust.
You can make a claim for Aviva life insurance online, simply by heading to the life claims section of their website.
You can make a claim online, or over the phone. The Aviva life insurance contact number for claims is: 0800 015 1142.
You can also make a claim for critical illness cover online or by phone, the contact number is: 0800 015 1142.
It’s helpful to have all the relevant information regarding the life insurance or critical illness policy to hand before calling them.
As mentioned, Aviva have a good track record of paying out life insurance claims, with 99.4% of their claims being settled in 2021.
At Reassured, we can help you compare Aviva life insurance quotes, as well as quotes from other leading insurers, to help you find our best deal.
We offer a range of policies to suit all needs and budgets, including term life insurance, whole of life insurance and over 50s plans.
There are two different ways to get your FREE quotes:
Secure life insurance today through our award-winning broker service and have peace of mind that your loved ones are protected should the worst happen.
All information regarding Aviva's product offerings is taken from their website and is correct as of 10/02/2023. This is subject to change by Aviva at any time https://www.aviva.co.uk/surance/life-products/life-insurance/
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Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
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Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!Katelia Merritt
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Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry