Decreasing Term Family Protection is a cost-effective form of life cover designed to protect your clients family financially when you’re no longer able to, at a time when they need it most.
Aviva Decreasing Term Family Protection at a glance:
Peace of Mind
Protects your client from financial uncertainty.
Unrivalled Claims Experience
Paying claims is at the heart of our protection business.
Aviva Care
Access to Aviva Care included for all new protection policy holders.
Rolling Convertibility
To age 90, with no limit on the number of conversions.
How does it work?
This is a type of life insurance cover that decreases in line with the term on the policy. Decreasing Term Family Protection plan can help to maintain your client’s family’s lifestyle if they should die before the end of the term. It is designed so that your client can have a higher amount of life cover when their family is younger and their need for cover is at it’s highest. The life cover will decrease in line with the term of the plan reflecting the family’s reduced need for life cover as they grow older. This cover provides a financial safety net for their family as the lump sum payment can help with ongoing household bills, pay off any outstanding loans and maintain a good standard of living for their family in the event of their death.
All our protection policies come with Aviva Care at no extra cost. This gives your clients and their families access to a Digital GP from the comfort of their home. Additionally, Aviva Care offers Best Doctors Second Medical Opinion, Family Care Mental Health Support, Bereavement Counselling, and Get Fit Programme.
Product details
Features
Aviva Care
All of the below are included in the plan at no extra cost:
- Digital GP
- Best Doctors
- Bereavement support
- Family Care
- Get fit programme
Terminal illness benefit
If your client is diagnosed with an incurable illness with a life expectancy of less than 12 months, we will pay out the life cover benefit amount.
Accidental Death
This cover kicks in from the moment your client sends us a fully completed and signed application form and direct debit mandate. Your client gets cover for accidental death up until we accept or decline their application. We will pay out the lower of the life cover amount being applied for or €150,000.
Rolling Convertibility
This gives your client the option to convert into another convertible policy with no limit on the number of conversions they can do.
The conversion allows your client to:
- Convert the policy before the end of term, to a new policy, all without having to be medically assessed.
- Convert the remaining sum assured to another decreasing term policy or to a level or convertible term policy.
- Extend the expiry date on the new policy.
- On conversion, we will offer your client their converted policy based on their smoking habits at the time of conversion. This allows those clients that have stopped smoking better rates when they convert.
Children's life cover
We cover each of your client’s children for the lesser of €5,000 life cover or 10% of the sum insured life cover for as long as they are covered. We will only pay one claim for each child, no matter how many plans they have with us.
Specified Illness
Our Decreasing Term Family protection product also comes with the option to add specified illness. This offers unique key features:
Partial payments We have the highest partial payment in the market of €20,000 and our benefit does not reduce by this amount.
Age definition of a child We define a child as 30 days or older.
Our Claims Experience
At Aviva, we pride ourselves on our sensitive and personal approach to claims management. We make sure we pay valid claims as promptly as possible. Honesty, openness, and integrity are vital to our claims handling principles and procedures. Once we receive your client’s claim form, we’ll assign a claims assessor to look at and manage their claim from start to finish.
Underwriting
- All Decreasing Term Family protection cases initially reviewed within 24 hours.
- Automatic PMA reports only required if sum is over €2 million, and customer aged over 57
- Automated reminders sent to GPs for faster turnaround.
- Via New Business Online (NBO) you can put a mortgage protection policy in force and issue it anytime, anywhere.
- Direct line to underwriters available – 10am – 4pm on 1800 774411
Powered by Teladoc Health, Aviva Care provides you with GP support services to help you feel better, gives you access to world leading medical experts and supports your mental wellbeing. What’s more, these services come at no extra charge to your clients.
Download the Aviva Care app
Download the Aviva Care app from the App Store or Google Play Store. Open the app and login using your email address and password – or register for the service using your email address and policy number or access code.
About Aviva Care
Through Aviva Care you have access to Digital GP, Best Doctors Second Medical Opinion, Family Care Mental Health & Bereavement Support and our Get Fit programme.
Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie
Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.
Aviva Life & Pensions Ireland does not guarantee the on-going availability of any or all of the Aviva Care Ireland services to its policy holders and may, at its sole discretion, withdraw access to the service at a month’s notice. If we withdraw it, we’ll write to notify policy holders at least 30 days in advance of its removal.
Teladoc Health, who provide the Aviva Care services, is not a regulated entity. Aviva Care is not a regulated service.
Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie
Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.
