Why might you wish to buy life insurance?
Top reasons to buy life insurance:
- Most importantly, to provide a secure future for those you love by:
- Covering any final expenses such as medical bills or funeral costs up to £500,000;
- Arranging for your mortgage to be paid off or for the repayments to be reduced; and
- Funding your children's education.
- It doesn't have to be complicated.
- It doesn't have to be expensive – typically, the sooner you start, the lower the cost and the easier it is to get approved.
- Cover is flexible with Barclays Life Insurance from Aviva – you can choose the policy you want based on your situation.
Some things to check
Don't ignore the small print. This will spell out what's covered and what's not covered. It's normally included in a Key Facts or Key Features document, and you should compare various policies' features to determine which one is best for you.
- Think about the exclusions. Your policy may not pay out if you take part in dangerous sports, die from drug or alcohol abuse or have an existing medical condition.
- Confirm the age limits on your life insurance quote. Some policies will stop providing cover once you reach a certain age.
- Terminal illness. Some term insurance policies may pay a lump sum if you're diagnosed with a terminal illness during the policy.
- Consider the tax implications. Your beneficiaries could end up paying inheritance tax on any sum paid out unless you put your plan in trust. This can be a complicated area of the law and tax policy can change from one year to the next, so it's important to get financial advice if you're considering this.
- Flexibility. Does your life insurance policy allow you to skip a payment or two without penalty? And what happens if you want to cancel altogether?
- Cash-in value. Check whether your policy has one or not. Not all do and you may decide that you don't want a cash-in value on your policy.
- Extra benefits. Some policies may offer additional benefits such as critical illness cover, but you may need to pay extra premiums for these.
Confused about the different types of life insurance?
We have a detailed explanation of each type that explains each type in clear and simple English.
Learn about the costs of Life insurance
We think transparency is important. Break down the cost of your policy.
Life Insurance from Aviva
- 16% discount 1 when you buy online
- 3 months cashback 2
- Get a quick quote in just 2 minutes 3
- Monthly premiums from £5
Important information
1. Please note that the online discount is subject to change and we reserve the right to amend the level of discount without notice.
2. You must purchase a Life Insurance from Aviva policy between 21 April and 1 June 2012. To be eligible for the cashback, you must have paid the first 3 months’ premiums. We’ll send you a cheque for the sum of your first 3 months’ premiums within 30 days of receiving your 3rd monthly premium, provided your policy is still open on this date. We may withdraw this offer at any time and without notice. Purchases made in branch, online or over the phone are all eligible for this offer.
3. By choosing to get a quick quote, you will be transferred to Aviva in order for them to provide you with a quote. At this stage no information will be retained or passed between Aviva and Barclays. Only if you proceed to purchase a policy, the information that you provide during this process will be used by the Barclays Group, its associated companies and agents for the purposes of insurance administration, for research and analysis, to prevent and detect fraud money laundering and other crime, and to meet our obligations to any relevant regulatory authority. We will store your information on Barclays Group systems, and it will be kept for as long as the law and legitimate business purposes allow. The information may also be transferred to countries outside of the EEA, however where this is necessary we will ensure that the same levels of protection apply to the information.
1. Please note that the online discount is subject to change and we reserve the right to amend the level of discount without notice.
2. You must purchase a Life Insurance from Aviva policy between 21 April and 1 June 2012. To be eligible for the cashback, you must have paid the first 3 months’ premiums. We’ll send you a cheque for the sum of your first 3 months’ premiums within 30 days of receiving your 3rd monthly premium, provided your policy is still open on this date. We may withdraw this offer at any time and without notice. Purchases made in branch, online or over the phone are all eligible for this offer.
3. By choosing to get a quick quote, you will be transferred to Aviva in order for them to provide you with a quote. At this stage no information will be retained or passed between Aviva and Barclays. Only if you proceed to purchase a policy, the information that you provide during this process will be used by the Barclays Group, its associated companies and agents for the purposes of insurance administration, for research and analysis, to prevent and detect fraud money laundering and other crime, and to meet our obligations to any relevant regulatory authority. We will store your information on Barclays Group systems, and it will be kept for as long as the law and legitimate business purposes allow. The information may also be transferred to countries outside of the EEA, however where this is necessary we will ensure that the same levels of protection apply to the information.