Aviva Life Insurance provides a safety net for you and your loved ones in the event of your untimely passing. It offers financial protection to your beneficiaries, ensuring they can maintain their standard of living without experiencing undue hardship. The policy covers expenses such as funeral costs, outstanding debts, mortgages, and other financial obligations. Additionally, Aviva Life Insurance provides a lump sum payout that can be used for your beneficiaries’ education, future expenses, or any other purpose they deem necessary. By choosing Aviva Life Insurance, you can provide peace of mind knowing that your loved ones will be financially secure even in your absence.
What Does Aviva Life Insurance Cover You for?
Aviva life insurance provides financial protection for your family in the event of your death. The death benefit is a lump sum payment that is paid to your beneficiaries upon your passing. The amount of the death benefit is determined by the coverage amount you choose when you purchase the policy.
Death Benefit for Life Insurance
The death benefit of a life insurance policy can be used to cover a variety of expenses, including:
- Funeral expenses
- Outstanding debts
- Medical expenses
- Education costs for your children
- Mortgage payments
- Other expenses that your family may face after your death
| Coverage Amount | Death Benefit |
|---|---|
| $250,000 | $250,000 |
| $500,000 | $500,000 |
| $1,000,000 | $1,000,000 |
Critical Illness Coverage
In addition to its primary death benefit, Aviva Life Insurance offers critical illness coverage as an optional rider. This coverage provides a lump sum payment if you are diagnosed with a covered critical illness, such as:
- Cancer
- Heart attack
- Stroke
- Kidney failure
- Multiple sclerosis
- ALS (Lou Gehrig’s disease)
The amount of coverage you can purchase varies depending on your age, health, and occupation. The maximum coverage amount is $1 million.
If you are diagnosed with a covered critical illness, you can use the lump sum payment to help cover the costs of treatment, lost wages, or other expenses.
Critical illness coverage is an important way to protect yourself and your family from the financial impact of a serious illness. Consider adding this rider to your Aviva Life Insurance policy if you are concerned about the potential costs of a critical illness.
Benefits of Critical Illness Coverage
In addition to the lump sum payment, Aviva Life Insurance’s critical illness coverage also offers a number of other benefits, including:
- Peace of mind. Knowing that you have critical illness coverage can give you peace of mind, knowing that you and your family will be financially protected if you are diagnosed with a serious illness.
- Flexibility. You can use the lump sum payment from your critical illness coverage to cover any expenses you need, such as medical bills, lost wages, or other expenses.
- Tax-free. The lump sum payment from your critical illness coverage is tax-free, which means you can keep more of the money you receive.
How to Apply for Critical Illness Coverage
If you are interested in adding critical illness coverage to your Aviva Life Insurance policy, you can apply online or by speaking to an Aviva Life Insurance agent. The application process is simple and straightforward, and you can be approved for coverage in just a few minutes.
| Coverage Amount | Monthly Premium |
|---|---|
| $100,000 | $10 |
| $250,000 | $25 |
| $500,000 | $50 |
| $1,000,000 | $100 |
Total and Permanent Disability Insurance
Total and permanent disability (TPD) insurance provides financial support if you’re unable to work due to a disability that prevents you from earning an income. Aviva’s TPD insurance can cover you for up to 75% of your pre-disability income, up to a maximum of £2,000 per week.
To be eligible for TPD benefits, you must meet the following criteria:
- You must be under the age of 65 when your disability begins.
- Your disability must be expected to last for at least 12 months.
- You must be unable to work in any occupation that you’re reasonably qualified for.
If you meet the eligibility criteria, you can make a claim for TPD benefits by contacting Aviva. You will need to provide medical evidence to support your claim.
If your claim is approved, you will receive monthly TPD benefits until you reach the age of 65 or your disability ends, whichever is sooner.
| Benefit | Maximum amount | Maximum duration |
|---|---|---|
| TPD benefits | 75% of pre-disability income | Up to age 65 or until disability ends |
Aviva Life Insurance Coverage
Aviva offers a comprehensive range of life insurance policies, each with its own unique set of benefits and features. Here’s a quick overview of what Aviva life insurance typically covers:
Death Benefit
The primary benefit of any life insurance policy is the death benefit. This is a lump sum payment that is paid to your beneficiaries upon your death. The amount of the death benefit is determined by the coverage amount you select when you purchase your policy.
Terminal Illness Benefit
Some Aviva life insurance policies also include a terminal illness benefit. This benefit provides a lump sum payment if you are diagnosed with a terminal illness that is likely to result in death within a specific period of time.
Accidental Death Benefit
Some Aviva life insurance policies also offer an accidental death benefit. This benefit provides a lump sum payment if you die as a result of an accident.
Other Benefits
In addition to the benefits listed above, some Aviva life insurance policies may also include additional benefits, such as:
- Disability coverage
- Critical illness coverage
- Riders that can be added to your policy to provide additional coverage
Table of Benefits
Here is a table summarizing the benefits that are typically included in Aviva life insurance policies:
| Benefit | Description |
|---|---|
| Death benefit | A lump sum payment that is paid to your beneficiaries upon your death. |
| Terminal illness benefit | A lump sum payment that is paid if you are diagnosed with a terminal illness that is likely to result in death within a specific period of time. |
| Accidental death benefit | A lump sum payment that is paid if you die as a result of an accident. |
| Disability coverage | Provides income replacement if you are unable to work due to a disability. |
| Critical illness coverage | Provides a lump sum payment if you are diagnosed with a specified critical illness. |
| Riders | Additional coverage that can be added to your policy, such as child coverage or waiver of premium. |
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