Decreasing Life Insurance

The easy way to get a great life insurance deal to help cover your repayment mortgage or loan over a fixed term, as the lump sum payable in the event of a claim reduces broadly in line with the balance outstanding.

  • It’s simple — get a quote under 2 minutes
  • Monthly premiums are guaranteed never to rise
  • Premiums start from £5 a month, depending on your personal circumstances
  • Joint cover available for you and your partner
  • Easy to arrange — no complicated forms to fill in
  • Please bear in mind that there is no cash-in value at any time.

Premiums are affordable and guaranteed

Helping cover your repayment mortgage or loan could cost less than you think. Premiums start from £5 a month and are set at the start of the plan to take into account the decreasing cover. The actual cost of the plan depends on your personal circumstances, so you only pay for the cover that you need and premiums are guaranteed to stay the same for the duration of the plan.

Your choice of cover

You decide how much life cover you want — the maximum amount available will depend on your own personal circumstances. You also choose how long you want the cover to last. Many people choose to have their cover for a period that coincides with when they expect their mortgage or loan to be paid off.

Cover that includes an extra benefit

With Aviva you get Terminal Illness Benefit included in your cover, please note that is not the same as Critical Illness Cover, which pays out a lump sum if you are diagnosed with a specified Critical Illness.

Terminal Illness Benefit means we pay the sum insured if you are diagnosed with a terminal illness within the plan term and are not expected to live more than 12 months. If we pay out after a terminal illness claim, your plan will end.

Critical illness cover is not available with Decreasing Life Insurance; however you can choose to take out an alternative plan offered by Aviva, which combines life cover with critical illness cover.

Find out more about critical illness cover

Choose a name you can trust

Aviva is one of the UK’s leading providers of life and pensions products, which serves around 34 million customers worldwide.

It’s easy to apply for life insurance online

Get a quote

Or call us on 0800 068 5549

Lines are open Monday to Friday 8am – 9pm, Saturday 9am – 5pm and Sunday 10am – 4pm Calls are free from a BT landline. Costs may vary from mobiles and other networks. Calls may be recorded and monitored for our joint protection.

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