AVIVA LIFE INSURANCE
In 2007 Aviva completed the acquisition of Hamilton Insurance from HFC Bank plc , a subsidiary of HSBC Finance Corporation.
In 2008 Aviva Life Company announced that they were intent on phasing out over the next few years the 200-year-old brand name of Norwich Union and would then just trade around the globe as Aviva.
Aviva Insurance Company today is one of the world's largest insurers with its head office in London. Its product range also includes general insurance, motoring & healthcare policies and is sold widely via the web, tv, phone, banks, post office, building societies & brokers. Their TV adverts using Paul Whitehouse helped spread the brand message. In 2015 Aviva bought Friends Life which has now dropped its name & is part of the brand.
Looking in 2021 to compare Aviva Life Insurance quotes.
AVIVA LIFE INSURANCE - PRODUCT REVIEW 2020
AVIVA MORTGAGE PROTECTION
Designed to cover a repayment mortgage on death or terminal illness as it decreases during the plan term.
AVIVA - WHOLE OF LIFE INSURANCE COVER
A whole of life policy that will always payout whenever death may occur.
AVIVA LIFE INSURANCE
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
AVIVA - CRITICAL ILLNESS INSURANCE
Helps ease financial worries if you or your children are diagnosed with a critical illness as specified by Aviva Insurance.
AVIVA - INCOME PROTECTION
Providing security by way of a tax free income if you are off sick or have an accident or disability as specified by Aviva Insurance.
AVIVA - OVER 50's LIFE INSURANCE COVER
A no medical whole of life policy that will payout after an initial waiting period.
AVIVA - BUSINESS PROTECTION
Offering company protection for a key person, loan or share protection or an employee dies, is diagnosed with a critical or terminal illness during the term.
AVIVA - MEDICAL INSURANCE
Providing private medical cover for you & your family or business.
AVIVA LIFE INSURANCE - Frequently Asked Broker Questions
Can you make changes to your AVIVA life insurance policy ?
In terms of changing your life insurance policy, often you can request some of the following:
The changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums.
What if my health or lifestyle changes after I have taken the Aviva policy out ?
Life Insurance cover is based on full disclosure at the time you took the policy out ie; being 100% as honest & accurate as possible. So any health or lifestyle changes since usually does not void your existing policy, as it wasn't relevant at that time of initial application. Please check your original T&C's
How do I make a Death Claim ?
Check firstly if premiums are still being paid or alternatively is the policy perhaps "paid up" meaning no further premiums were needed.
Then contact the Insurers claims line to inform them. They will provide you with their claim form for completion. You will need to send in a number of documents, most importantly being the death certificate proving the cause of death.
Insurers ( as well as other Providers ) will need the original death certificate, so ideally ask for several certified copies. Enclose your policy document, if you can find it and then send by recorded delivery or registered post to Insurers.
Once received, the Insurers usually cross check all information before processing and settling a valid claim ie; was the medical & lifestyle information correct at the time of original application
If everything is hopefully in order, the Insurer may pay out a claim & usually in a matter of days or weeks.
Death Claims, Aviva Life Insurance Trusts & Life of Another
Who the life insurance maybe actually then paid out to can be more complicated & many people wrongly assume it is a simple process.
If it is a joint life 1'st death policy or if it single life policy owned by another person " life of another" then it will just be paid to the survivor.
However, if it is a single life policy it can be more complex. Check if the policy was setup & written into a trust. If so the Insurer will pay the life insurance via the trustees named to the nominated beneficiaries directly. Sometimes there are a named beneficiary & others times a list of potential beneficiaries. The life insurance paid out doesn’t have to be included in the legal documents sent for probate and potentially it won’t be liable for inheritance tax either.
Should I put my Aviva Life Insurance policy into Trust ?
If the life insurance wasn’t written into trust, it will be paid to the executors of the deceased’s estate. They will handle the administration, known as probate in N Ireland, England, Wales and confirmation in Scotland. If not, the benefits will fall into your estate if you died prematurely. If you have not made a will this can then cause further complications with the life insurance monies.
Until probate is fully granted, no monies can be paid out to those named in the will. On average, this can take upto 6 months. By not placing the plan into trust may also swell up the total estate values, leading to potentially Inheritance Tax IHT issues
So placing a policy in trust can help to ensure that the policy proceeds go to the correct beneficiaries you decide to nominate at that stage & help avoid possible probate delays & IHT costs. Ask the Insurers if they provide any standard trust form wordings & seek legal advice if unsure.
What is the Best Aviva Life Insurance Policy ?
There were several different types of schemes available ( see products review ). Please get a no obligation quote from our website first to get an idea of both cost & terms available; it is best to speak to one of our Professional Advisers before buying.
If I started smoking after taking out my Aviva Life Insurance - Do I need to now tell them ?
If you had legitimately stopped smoking for over 12 months at that time of original application, you may wish to advise the Insurers you have started smoking again - but this should not affect the original policy terms which should still stand - you were being honest. Also maybe suggest letting your GP know if this is the case.
Review on: Aviva Life Insurance ~ for more information visit www.aviva.co.uk *
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FOR PROTECTION PRODUCTS WE USUALLY OFFER FROM A RANGE OF PROVIDERS
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By completing one of our no obligation quotation request forms, you may be provided with comparison protection quotes, key facts from leading Providers - based just on the basic information you have provided. Note: These quotes will not take account of any personal, health or lifestyle issues unless a full application is completed. You also consent for us to then kindly contact you by phone - where we may offer Professional Broker help & guidance if needed. We may as appropriate then help to arrange a suitable protection policy based upon your own circumstances & needs after a further review by "advice & recommendation". This will usually be on a non face to face basis.
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