< Life Insurance

Understanding life insurance

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Life Insurance explained

Life is full of the things you love – your family, your home, and the other things that make you happy. But, it can be unpredictable, and we don’t always know what’s around the corner. 

Our Life Insurance Plan is one of the ways you can protect what matters most to you. If you’re thinking about getting life cover, there are a couple of things to consider. Do you have a partner, children and a mortgage or other loans? What will your family need in the future? 

We offer two types of cover – increasing and decreasing. 

With increasing cover, your cover amount and the amount you pay each month can go up every year. This protects your policy against inflation. 

Decreasing cover works similarly to a repayment loan with a fixed interest rate. So, the value of your cover decreases gradually but the amount you pay stays the same. 

When it comes to how much cover you’ll need, everyone’s different. If you have a mortgage, how much have you got left to pay and how long for? Look at your current income and monthly outgoings – things like childcare costs, household bills and family holidays. 

To help you decide how long you want your cover to last, consider how long your children are likely to depend on you financially, or when your partner is planning to retire.  

At Aviva, our cover is designed with you in mind. With flexible cover length, simple claims and lump sum pay-outs – we’re here when you need us most. 

Looking for life insurance?

Explore our Life Insurance Plan to see if we have a cover type that suits your needs.