Life Insurance

The easy way to get a great life insurance deal to help cover your repayment mortgage.

• 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
• We'll send you £15 of M&S vouchers after you make your 3rd monthly payment when you buy direct from Aviva
• Easy to arrange – no complicated forms to fill in

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What is Decreasing Life Insurance?

Whether your in the process of moving house, or buying for the first time, you'll want to make sure you choose cover that's right for you.

Decreasing Life Insurance is designed to help cover a repayment mortgage or loan over a fixed term, as the lump sum payable on death reduces broadly in line with the balance outstanding.

Premiums are set at the start of the plan to take this into account, so are often cheaper than level life insurance where the sum assured does not decrease during the duration of the plan. Both level and decreasing life insurance pay out if you die during the plan term but neither have a cash in value at anytime. The cost and level of cover you might need depend on your own personal circumstances.

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 and are not expected to live more than 12 months and your plan has at least 18 months to run. If we pay out after a terminal illness claim, your plan will end.

Critical Illness Cover is not available with Decreasing Life Insurance. If you would like to discuss alternative plans where Critical Illness Cover is available please contact us on 0800 068 4232

Choose a name you can trust

Aviva is one of the UK's leading providers of life and pensions products, which serves around 44.5 million customers worldwide.

It's easy to apply for Life Insurance online

Its important to read the Key Features (PDF) and Plan Conditions (PDF) documents before you apply.

Get a Life Insurance quote

Or call us on 0800 068 5549

Whether you'd like information, a quote or a helping hand with your application, just give us a call.

We can only advise on our own products.
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