Personal Pension Term Assurance

Tax efficient life insurance for the self employed

Pension Term Assurance gives your clients the benefit of having life cover in place whilst availing of tax relief on the premiums they pay. 

Aviva Pension Term Assurance 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.

Tax Relief

Your client can claim tax relief at their marginal rate on premiums paid (or at the corporate rate for Executive Pension Term).

How does it work?

Personal Pension Term is for self-employed clients or employees who aren't part of an employer-sponsored pension plan, while Executive Pension Term Assurance is designed for business owners, company directors, and key employees,  who want to ensure financial protection for their dependents.  These policies offer life cover until retirement, leveraging the tax relief available under current pensions legislation.

Under Revenue regulations, Personal Pension Term cover can be taken out up to a maximum retirement age of 75, while Executive Pension Term cover has a maximum retirement age of 70

Personal Pension Term: If your client passes away before the term ends, a lump sum will be paid to their estate.

Executive Pension Term: If your client dies in service before the end of the term, Aviva will pay a lump sum to the trustee of the Scheme. The trustee will provide either a lump sum or a pension for their dependents, as they decide.

Product details

Features

Continuation Option (Executive term cover only) This gives your client the option to continue cover under another Pension Term Assurance Plan or Life Term Assurance for the remainder of the term originally selected without producing further evidence of health
Guaranteed Increase Option (Executive term cover only) This gives your client the option to increase the sum assured by up to 10% of the original amount every anniversary without further medical evidence
Accidental Death This cover kicks in from the moment we receive your clients 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 the lower of the life cover amount applied for or €150,000.
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. 
Rolling Convertibility

Provides your client with the option to convert into another convertible policy, with no limit on the number of conversions.
Indexation This option means the benefits will increase by 3% each year and the premium will increase by 4% each year
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

New Business and Underwriting

Existing Business

Claims

Download - download Download

Protection Claims Report

PDF

Useful links

Protection Claims:
For a comprehensive overview of our claims performance that offers insights into the most common causes of claims.

Aviva Care

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.

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Key documents

Customer: - download Customer:

Broker: - download Broker:

View all Personal Pension Term Assurance documents

Pension Assurance

Brochures

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Pension Assurance

Application Forms

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Protection Tools

Occupational Class Calculator

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Protection Tools

Protection Solutions Tool

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Policy Alterations Hub

Requirements for common amendments on existing policies.

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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.