What do you need to protect?

Protect your home

Ensure your home is financially secure by insuring your mortgage amount or your rental payments, in case you were unexpectedly to die, suffer a critical illness, or become too ill to work.

You can take out life insurance on a level term or decreasing term basis. Level insurance means the amount paid out would be the same, no matter when a valid claim is made. Decreasing insurance pays out less as time goes on, broadly in line with how much you owe on your mortgage.

Here are examples of typical housing situations and how people might benefit from Aviva Life cover.

Repayment mortgage?

Andy, 34 and Susi, 35 are a young couple with no children.

This is their first mortgage. They own the house jointly and earn about £42,000 a year between them.

Their repayment mortgage is for £120,000 over 25 years. They spend £640 a month on the repayments, and another £650 or so on other bills and expenses.

They want to be sure the mortgage would be paid off, or they could stay in their home, if something unexpected happens.

Products they might take from Aviva

To cover their mortgage, as non–smokers, for a sum assured of £120,000 over 25 years, a joint Decreasing life insurance plan would cost £15.26 a month.

Get a quote for life insurance

To add Critical Illness to their plan of the same sum assured it would cost an extra £51.59 a month.

Get a quote for critical illness cover

They might also consider Income Protection, which provides a monthly payment if work isn’t possible due to illness or accidental injury.

Find out more about income protection

Premium examples correct as at 17/12/2013. These products have no cash-in value at anytime.

Interest only mortgage?

Harry, 29, and India, 31, are married with one young daughter.

They pay £450 a month on their interest only mortgage. Harry earns £38,000 and India looks after their daughter at home.

They also spend about £1000 each month on other bills and expenses.

They want to be sure that the mortgage would be paid off and India and their daughter could stay in their home if Harry died. They are also interested in making sure they could cover the mortgage payments if Harry became too ill to work.

Products they might take from Aviva

As a non-smoker, for a sum assured of £200,000 over 30 years, a single Level life insurance plan for Harry would cost £14.99 a month.

Get a quote for life insurance

To add Critical Illness to his plan of the same sum assured it would cost an extra £47.81 a month.

Get a quote for critical illness cover

He might also consider Income Protection, which provides a monthly payment if work isn't possible due to illness or accidental injury.

Find out more about income protection

Premium examples correct as at 17/12/2013. These products have no cash-in value at anytime.

Renting

Rental payments are not the same as debts associated with mortgages, for typical rental scenarios please visit our family section.

To help you choose

Want some more details about life insurance? Our tools and guides can help you understand how life insurance works and how much you may need.

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