Aviva Life Insurance

Aviva Life Insurance. Fact! If you don't compare them against the market now it could cost you £1000's. Compare the whole life insurance market.

Still probably more famous in the UK as Norwich Union, with the full name being The Norwich Union Life Insurance Company. Norwich Union dates all the way back to 1808 and was what is known as a mutual life insurer. Mutual life insurers still exist in the UK, but Aviva is not one of them. Not being a mutual life insurer can be considered both a good and bad thing, as there is a payoff between balance sheet strength versus the service and not profit driven mutual.

Aviva is known to be the world's 6th largest insurance group and the biggest one in the UK. More than 53 million customers are getting the benefits of a top rated financial services group.

Life Insurance guarantees that your monthly premiums will never be raised no matter how long your policy period is. Guaranteed premiums have been in the press recently, as life insurance companies have struggled to carry through on the guarantees of existing policies.

With company of this size you can get the policy in your hands within a few minutes; there is rarely a complication, no complicated questions and no unusual conditions. Of course we still recommend that you read the small print, but they are not known to sneak in unusual requirements or possible ‘wriggle room’.

The minimum life insurance premium is £5 a month but it all depends up on your particular circumstances as well as the exact type of insurance cover that you take out. Always bear in mind that the cheapest life insurance policy is not always the best. The most important consideration with life insurance is that the provider is around to pay out if you need to claim, which is one of the main benefits of taking out a policy with a huge name

Most providers issue joint cover, so you can take out a policy that protects yourself and your partner.

At the time of writing they are offering a promotion where after your 3rd premium payment, the company will send you £15 of Marks and Spencer vouchers to treat yourself.

Types of cover

Aviva have plans available to protect your family or to protect your mortgage. These are often also known as level life Insurance and decreasing life Insurance.

Level Life Insurance

Level life insurance from Aviva is also known as life cover to protect your family and is probably the simplest way to look after their financial security if the worst did happen. It is called level term life insurance because the lump sum paid out does not decrease over time and is suitable to protect your loved ones or a mortgage that is interest-only.