Lifelong financial protection for your clients to help them provide for their loved ones.
Here are some of the features of our Guaranteed Whole of Life plan.

  • Premiums start from as little as £5 a month.
  • Can be used for Inheritance Tax Planning.
  • Extra cover feature (increase cover without medical evidence).
  • Plans can be written under trust.
  • Yearly increase and limited premium term options.

For further information please see the Guaranteed Whole of Life key features document (pdf).

 

 

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Here are some of the facts you need to know about our Guaranteed Whole of Life plan.

Criteria Min/Max Details Notes
Age Limits Min age 16 Plans can be taken out individually or jointly and your client can choose whether we pay out when the first or second person dies. Once we pay out, the plan will end.
Clients can take out a plan to cover someone else on a 'life of another' basis, such as their spouse or registered civil partner. 
Clients aged 79 or under at the start of their plan, will pay premiums until the last plan anniversary before their 90th birthday.
Clients aged between 80 and 89 will pay premiums for 10 years.
Max age 89
Term Min term Cover is throughout life
Max term None
Payment Limits Min premium £5/month or £50/year

The minimum annual premium is £50.
Monthly premiums must be paid by direct debit. Annual premiums can be paid by cheque or direct debit.

Single premiums must be paid by cheque.

We guarantee not to increase regular premium amounts unless clients choose the Yearly Increase option.
Premiums will rise by 5% compound annually, in line with the guaranteed lump sum if clients choose the Yearly Increase option.

 

Clients can only choose the Yearly Increase option at the time the plan is taken out and if paying over maximum premium term.

 

Min single premium
  £500
Limited premium term  option If clients don’t want to pay premiums for the whole of life, they can choose to reduce the payment term. However, the term they choose must be a full number of years, less than the maximum premium term and no less than 10 years.


Charges


There are no additional charges for clients to pay. All charges for our Guaranteed Whole of Life plan are included within a client’s premiums. For further details on charges, view our

Here is some information to help you to decide if our Guaranteed Whole of Life plan is right for your client.

Designed for clients who   Not designed for clients who
  • Want a guaranteed payout on death
  • Anticipate IHT liabilities
  • Want to leave behind an inheritance
  • Want guaranteed premiums (this applies unless yearly increase option chosen)
  • Want an investment-linked arrangement
  • Want cover for a set term
  • Want a cash-in value (although in certain circumstances a cash-in value could be paid but  this would not be more than the premiums paid in)
 Key considerations

 Possible alternatives
  • Existence of a will
  • Trusts
  • Level of cover required
  • Existing levels of cover
  • State of health
  • Financial liability assessment
  • Dependants
  • What level of flexibility is required
  • Future changes in circumstances
  • IHT Rules
  • Inflation
  • Self-insurance
  • Estate Planning
  • Other Whole of Life policies
Here are some examples of the support we offer you and your client on our Guaranteed Whole of Life plan.

Secure Services

 

  •  Quote / Illustrations online
  •  Retrieve quotes and applications
  •  New business tracking


We have a wide range of support staff available to help you. View our contact details to find the right number that meets your needs.


 

WA02176 04/2011

Quick quote

Related documents

For Adviser use only. This information has not been approved for use with customers.

Aviva Life Services UK Limited.
Registered in England No 2403746. 2 Rougier Street, York, YO90 1UU.
Aviva Life Services UK Limited is authorised and regulated by the Financial Services Authority. FSA Registration No 145452
www.aviva.co.uk