With Aviva Mortgage Protection secure your clients home and future
Mortgage Protection helps ensure the outstanding mortgage balance is repaid if the policyholder dies during the policy term. With Aviva, your client can also choose to add Specified Illness cover for extra protection.
Aviva Mortgage 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?
Mortgage Protection from Aviva provides life insurance cover for your client to repay their mortgage should they die within the term of it. To give further protection, the life cover plan can be combined with serious illness cover. The cover decreases over time, while premiums remain fixed. It provides a lump sum payment to your client's beneficiaries upon death or terminal illness diagnosis and can be assigned to the bank.
All our Mortgage 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, and Bereavement Counselling.
Product details
Features
The main benefit is life cover where on death of the life/lives assured, the contract pays out the life cover amount.
Specified illness can also be selected, where on the diagnosis of an illness listed in the conditions the contract pays out the specified illness sum insured.
Accidental death benefit
If an applicant dies accidentally after submitting a completed application and direct debit mandate, but before the application is accepted or declined, Aviva will pay the lower of the applied-for life cover amount or €150,000. This benefit is payable only once per life insured, regardless of the number of policies or applications.
Terminal illness benefit
If a life insured is diagnosed with an advanced, rapidly progressing incurable illness and life expectancy is less than 12 months (as confirmed by a consultant and Aviva’s Chief Medical Officer), we will pay the full life cover amount
Guaranteed Mortgage insurability option
Our Guaranteed Mortgage Insurability Option lets clients increase their mortgage protection if they raise their mortgage amount or extend its term without providing further health evidence. The new policy must match the extended mortgage term, and any increase in cover cannot exceed €40,000. This option is subject to special conditions which are available in the policy conditions.
Children’s life cover
This provides death benefit of €5,000 or 10% of the death benefit, whichever is lower, on all the life insureds' children who are aged 30 days or more and under the age of 21, or under the age of 25 if in full time education.
Specified Illness
Our mortgage 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 mortgage 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
Aviva Care
All of the below are included in the plan at no extra cost:
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.
