The main difference is that life insurance is a term policy, so it covers you for a specific amount of time, while over 50 life insurance is a whole of life policy, so it covers you for the rest of your life.
To take out our Over 50 Life Insurance you need to be aged between 50 and 80. Your premiums are fixed for life, and you won’t need a medical or health check. You can choose a cover amount to help pay for a funeral, or it can be used for other costs, or to leave a gift to your partner or family. Once you’ve had your policy for 30 years, or from the soonest policy anniversary after your 90th birthday, you’ll no longer pay anything, but your cover will continue. It can’t be taken out as a joint policy.
With our Life Insurance Plan, you need to be aged between 18 and 77 to apply, and your cover stops at the end of the policy term. You choose a cover amount, and if you want your cover to remain the same, be protected from the effects of inflation, or decrease over time broadly in line with a repayment mortgage or loan. You can take out a single or joint life insurance policy.
If you’re not sure which one might be right for you, speak to a financial adviser.
They’ll need to call us on 0800 015 1142, or let us know online.Our expert teams will make sure the process runs as smooth as possible.
No, we won’t ask you any health questions or ask you to have a medical examination. We also guarantee you’ll be accepted for our over 50 policy if you’re aged between 50 and 80 and live in the UK.
If you stop paying the monthly premiums for your policy before the premium term finishes, we’ll end your policy and your cover 60 days after the last premium was due. You also won't get back any premiums you've already paid.
Yes if they meet the eligibility criteria, however this policy is only available on a single life basis.
No, your premiums will never go up, which means how much you pay each month will stay the same.Your premiums will stop and you won’t pay anything more after you’ve had your policy for 30 years, or from the next anniversary of taking out your cover following your 90th birthday, whichever comes first. Your cover will continue until you die.Remember, depending on how long you live, you could pay more in total premiums than the cover amount you’ll leave behind.
1This excludes cases where a claim has been made within the first 12 months following a death as a result of anything other than an accident. In these circumstances we repaid the premiums equal to those that had been paid in over the duration of the policy.
Aviva UK Digital Limited sells life insurance and critical illness policies provided and underwritten by Aviva Life & Pensions UK Limited. Aviva UK Digital Limited. Registered in England No. 09766150. Registered office: 8 Surrey Street, Norwich, Norfolk, NR1 3NG. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985. Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896. www.aviva.co.uk