Aviva - Guaranteed Whole of Life

Here are some of the features of our Guaranteed Whole of Life plan.

For further information please see the key features document

.

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 provide cover for someone else, 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.
Age Limits	Max age	89
Term	Min term	Cover is throughout life
Term	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.

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.

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.

We have a wide range of support staff available to help you, click here to find the right number that meets your needs.

Homepage