Mortgage Protection – Life Cover – Aviva
Mortgage Protection – life insurance from Aviva, will pay-out a lump sum to clear your mortgage, should a death claim occur during the policy term. Your discounted premium is fixed and the policy is easily assignable to your mortgage lender. Extra policy features include; Best Doctors, Accidental Death Benefit and Guaranteed Insurability, which allows certain cover increases free of medical questions. If you apply within 7 days, you get the first month free!
Once assigned to your lender, should a death claim occur during the cover term, a tax-free payment will be made to your lender, to clear your mortgage.
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 still processing your fully completed application form, it continues to apply within the first 3 months from application receipt.
This option allows you to increase the level of your 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.
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. This is unique to Aviva.