Term Life Insurance – Aviva
Term Life Insurance from Aviva includes a unique service known as “Best Doctors” which provides a second expert medical opinion service for the whole family. The policy includes as standard, accidental death benefit, children’s cover and terminal illness benefit. Serious Illness cover and overseas tretment are optional add-ons and a unique reinstatement clause, let’s you get back on cover, even if you fall behind on payments.
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.
If your child dies during the term of your policy, a sum of €2,500 will be paid out.
Children’s are also covered for the same specified illnesses as the policy holder 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.
Terminal Illness Benefit
If you are diagnosed with a terminal illness, your life cover will be paid out, so long as there are 12 months or more until the policy is due to end. A terminal illness is an illness that, according to the attending Consultant, has no known cure, has progressed to a point at which it is deemed incurable or is expected to lead to death within 12 months.
If your 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.
Serious Illness Cover
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.
Overseas Treatment Plan
Overseas Treatment Plan provides the option of treatment abroad, as it will pay a pre-determined cash amount in the event of diagnosis with a covered condition under cancer or neurology – plus covered travel and accommodation expenses. It helps give you and your children financial freedom to access high quality treatment in leading US and European hospitals.