Mortgage Protection – Life Insurance – Aviva

Aviva Mortgage Protection

Aviva Mortgage Protection does not offer a conversion option and the policies flexibility is more resticted than some other insurer offerings, but it remains fairly comprehensive in terms of its overall added features. The first month also comes free as does Accidental Death Benefit prior to policy start date.

Automatic Benefits & Features

Free Counseling Service

Extended to your whole family including your parents, this policy includes a free 24/7 counseling helpline with referral to a local counselor for up to six free sessions were needed.

Free Accidental Death Benefit

Your insured life cover amount, up to a maximum of €150,000 is payable if a life proposed dies from bodily injury as a result of an accident while Aviva is processing your fully completed application form, and within the first 3 months from application receipt. They will pay out the lower of the life cover amount being applied for and €150,000 and on one person on dual applications only.

Dual Life Cover - For 2 Person Policies

For mortgage protection policies where 2 people are involved and where serious illness has not been chosen in addition to the life cover, Aviva allows dual life cover benefits for the same price as their joint life cover benefits.

Guaranteed Insurability

This option allows you to increase the level of your current cover by up to €40,000, and/or to increase your policy’s term without providing medical evidence, up until you turn 70. This means there is no new application to complete, just written confirmation that you are borrowing the extra money. Aviva is the only provider on the Irish market that allows you to extend your policy term in this way, however, you may not wish to extend the term and €40,000 on the reduced cover amount is very restricted compared to some other providers.

Free Children’s Cover

Aviva covers each of your children for €5,000 life cover for as long as you are covered.

If you have added serious illness cover to your plan, your children are also covered for the same specified illnesses as you, subject to a maximum of €25,000 for full payment illnesses and €10,000 for partial payment illnesses. This child cover applies between the ages of 30 days and age 21.

Free Terminal Illness Cover

Aviva payout the life cover amount if you’re diagnosed with an advanced or rapidly progressing incurable illness. Your life expectancy must be less than 12 months in the opinions of both an attending Consultant and their Chief Medical Officer.

Reinstatement Clause

If your Mortgage Protection Cover lapses, you may reinstate it at any time within the following 6 months. This reinstatement will be subject to you providing us with satisfactory evidence of your ongoing good health – and paying all the outstanding premiums, plus any late payment charge that may apply at that time.

First Month Free

With a flexible policy start date to suit your needs, this policy comes with the first month free as standard.

Optional Added Benefit

Serious Illness Cover

For an additional cost, you can choose to add Serious Illness Cover to your mortgage protection plan. Where included in your policy, If you are diagnosed with one of 66 specified serious illnesses during the term of your policy, a lump sum will be paid out. 47 full payment illnesses and 19 partial payment illnesses are covered. Return to your quote result page and download your customer guide to review the full list of the specified serious illness’s covered.