Aviva : Decreasing Life Insurance

Product profile

Description

Pays out if you die during the plan period. Because the amount of the mortgage or loan reduces over time as you make your monthly repayments, the amount your Life Insurance plan pays out will similarly reduce.

For

Aged 16 to 66

Maximum amount payable

£500,000

Period of cover 

• Minimum - 3 years

• Maximum - 51 years

• Cover ends - age 70

Benefits

• You choose the amount

• Decreasing  benefit basis

• Life cover

• Terminal illness

• Level premium basis