Aviva – Mortgage Protection Insurance
Aviva provides truly comprehensive Mortgage Protection at a great price, offering a host of added features including accidental death benefit and future change flexibility. Also unique to Aviva is a benefit known as “Best Doctors”, which provides a free second medical opinion for the whole family, including your parents. Free children’s cover also applies, including free children’s serious illness cover, where you choose to add serious illness as a main benefit. Full details of all featured and optional benefits are outlined below.
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.
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 you have added serious illness cover to your plan, if your child dies during the term of your policy, a sum of €2,500 will be paid out. Children 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.
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.
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.
Specified 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.