£15,000 free life insurance for 1 year - for each parent with a child under 4 @ Aviva
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£15,000 free life insurance for 1 year - for each parent with a child under 4 @ Aviva

132
Refreshed 20th Apr (Posted 2nd Jan)
Good idea to get comprehensive life insurance if you've got young ones, but I've just noticed that Aviva offer free 12 months life insurance per parent of under 4's that pays out £15,000 in the event of a parents death.
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Make sure you don't tell the kid about the £15k! Otherwise you're asking for trouble!
quglarz9 m ago

Where is the catch?


2 up sale opportunities.
1 when you buy is 15k enough? No
1 when it runs out
If you take this out for yourself, make sure a relative knows about it.
Your family will only get the money if they know to claim.
Daniboy43 m ago

2 up sale opportunities. 1 when you buy is 15k enough? No1 when it runs out


3. Sorry your dad's dead, how about we invest your money in one of our young saver products?
132 Comments
Thanks, heat added
Cheers. Looks like it's £15k per child under 4 too. I've got twins and the policy shows £30k total cover.
Make sure you don't tell the kid about the £15k! Otherwise you're asking for trouble!
Where is the catch?
quglarz9 m ago

Where is the catch?


2 up sale opportunities.
1 when you buy is 15k enough? No
1 when it runs out
If you take this out for yourself, make sure a relative knows about it.
Your family will only get the money if they know to claim.
Hmm,gone to die quicker:)
Daniboy43 m ago

2 up sale opportunities. 1 when you buy is 15k enough? No1 when it runs out


3. Sorry your dad's dead, how about we invest your money in one of our young saver products?
quglarz55 m ago

Where is the catch?


Having to have horrible kids.
Thank you.
I have a two-year-old and am an Aviva customer (got several products) but I can't have this as I've had cancer treatment within the last 12 months
Mr.No6 m ago

Having to have horrible kids.


They're not horrible. They're your legacy. How they is how you bring them up and where they're brought up
Just a note, I'm an IFA and this is a good offer however £15k is almost certainly insufficient cover and I'd recommend any cover you do have is placed in Trust. Would genuinely encourage you to seek advice, suitable cover will likely be lowert in cost than you'd think and provide you with peace of mind
Well worth adopting a child to get this deal...... I'm a sucker for a freebie
jhewitt8722 m ago

Well worth adopting a child to get this deal...... I'm a sucker for a …Well worth adopting a child to get this deal...... I'm a sucker for a freebie


Please don't die for 15k.
If you're thinking of taking out life insurance (and if you have kids then I strongly suggest you do) then do it as early as possible (lower premiums) for as long as possible (highest risk years don't cost much extra and there's a payout to cover funeral costs/wake) for as much as possible (Kids need more financial support now than they used to ie higher education fees, property deposit help, low paid & insecure work).

£15k is not going to come close to covering the loss of a parent so I'd start at 10 times that amount as a minimum. Also, if there's two of you don't get a joint policy as it usually costs the same as two policies yet only pays out once.

I'd also suggest to get a mix of critical illness cover and life cover as the critical illness will usually also pay out in the case of death yet cover serious illnesses which can also have a devastating financial impact for the family. I have bought LI products from major providers through an online broker recommended on moneysavingexpert,com.

I'm not a financial adviser, I don't sell insurance and these are just my opinions.
If you have a mortgage, you will already have cover, or your probably in breach of contract. I took out an Aviva policy 20 years ago which expires in 5 years time.

Rather than waiting for it to expire, I worked out in the long run (subject to survival) it was cheaper to take out a new policy a few years ago, rather than waiting until I was nearing 50. It was also beneficial and cost not much more to take out separate polices for myself and my wife, rather than a joint policy. A joint policy pays out once if one or both of you die, whereas two polices will pay out separately if both roll up our tents.

I used cavendishonline.co.uk/life/ to buy both of the policies, which are with different providers. This was the cheapest website for me, even though I had to pay £25 admin per policy. I pay a total of £45 a month for £350k cover for each of us until we are 69, £700k bonus for the kids!!

This deal of £15k won't cover much at all, a funeral costs £5k+ and the change would pay for a two week holiday in Florida
I have advised as a regulated financial adviser on life insurance policies for close to two decades, life assurance should never be purchased based on a freebie. You need to establish exactly how much cover your survivors will require and for how long and then figure out a sum assured. To keep it simple £100,000 invested with some risk could provide £5k per annum as an income, without touching the capital, of course with some risk. If assuming it's invested invested in a deposit account, with low deposit rates the income will be much lower. So, as an example if your survivors will require an income of £20,000, ideally you need £400,000 or £500,000 worth of cover. Figuring out the duration is the next step. There are also a number of other issues to consider. My point is whilst £15k freebie appears great, in reality, it is nowhere near enough. As pointed out earlier, seek independent financial advice.
Edited by: "f2raf" 3rd Jan
Good deal but there are a large amount of stories about Aviva refusing to pay out to paying customers, good as a backup but don't rely on this alone in case the unfortunate happens.
Badbear4 h, 36 m ago

I have a two-year-old and am an Aviva customer (got several products) but …I have a two-year-old and am an Aviva customer (got several products) but I can't have this as I've had cancer treatment within the last 12 months



jocksteeluk39 m ago

Good deal but there are a large amount of stories about Aviva refusing to …Good deal but there are a large amount of stories about Aviva refusing to pay out to paying customers, good as a backup but don't rely on this alone in case the unfortunate happens.

Badbear4 h, 36 m ago

I have a two-year-old and am an Aviva customer (got several products) but …I have a two-year-old and am an Aviva customer (got several products) but I can't have this as I've had cancer treatment within the last 12 months



sorry to hear about your condition badbear but I think you should be named goodbear and I will say a prayer for you tonight x
f2raf11 h, 40 m ago

I have advised as a regulated financial adviser on life insurance policies …I have advised as a regulated financial adviser on life insurance policies for close to two decades, life assurance should never be purchased based on a freebie. You need to establish exactly how much cover your survivors will require and for how long and then figure out a sum assured. To keep it simple £100,000 invested with some risk could provide £5k per annum as an income, without touching the capital, of course with some risk. If assuming it's invested invested in a deposit account, with low deposit rates the income will be much lower. So, as an example if your survivors will require an income of £20,000, ideally you need £400,000 or £500,000 worth of cover. Figuring out the duration is the next step. There are also a number of other issues to consider. My point is whilst £15k freebie appears great, in reality, it is nowhere near enough. As pointed out earlier, seek independent financial advice.


Yeah, but if you already have adequate cover elsewhere then surely it makes sense to also take this out?
quglarz18 h, 15 m ago

Where is the catch?



You have to die or it's no use to anyone.
Anyone with kids should be getting level term life cover- costs almost nothing (mine costs less than the vet wanted for cat cover) and if something happens you want the kids fixed up at least until early adulthood (or if you're the breadwinner you want your other half secure with no mortgage and a pocket full of cash). This offer is really only any use for prompting people to get proper levels of cover (and for that reason alone it's worthy of heat).

Best to get it as early as you can, it's cheaper the younger you are.
Edited by: "Jules_HT" 3rd Jan
stuysmith2nd Jan

Just a note, I'm an IFA and this is a good offer however £15k is almost …Just a note, I'm an IFA and this is a good offer however £15k is almost certainly insufficient cover and I'd recommend any cover you do have is placed in Trust. Would genuinely encourage you to seek advice, suitable cover will likely be lowert in cost than you'd think and provide you with peace of mind


Not arguing with what you say & actually agree but this is free on top of anything else you arrange!
Anyone has idea about life insurance for the child itself (in UK)? I'm looking for one but couldn't find any
Thanks OP. Already have life insurance with Aviva but extra £15k would always help
Finally. A deal to die for.
I get confused by the ascending and descending cover types. Can anyone advise on which type is best for a standard policy to cover the cost of my mortgage in the case of anything untoward happening?!
jocksteeluk3rd Jan

Good deal but there are a large amount of stories about Aviva refusing to …Good deal but there are a large amount of stories about Aviva refusing to pay out to paying customers, good as a backup but don't rely on this alone in case the unfortunate happens.


I assume you are referring to not paying out on fraudulent claims? If you apply for this and are honest in the details you give and then sadly die, you will be paid out. Simple.
Jules_HT3rd Jan

Anyone with kids should be getting level term life cover- costs almost …Anyone with kids should be getting level term life cover- costs almost nothing (mine costs less than the vet wanted for cat cover) and if something happens you want the kids fixed up at least until early adulthood (or if you're the breadwinner you want your other half secure with no mortgage and a pocket full of cash). This offer is really only any use for prompting people to get proper levels of cover (and for that reason alone it's worthy of heat).Best to get it as early as you can, it's cheaper the younger you are.


Can you suggest which one you have so I can buy the same
Bez300017 m ago

I get confused by the ascending and descending cover types. Can anyone …I get confused by the ascending and descending cover types. Can anyone advise on which type is best for a standard policy to cover the cost of my mortgage in the case of anything untoward happening?!


Each payment on your mortgage is part interest and part capital. As you repay the capital the balance reduces. If you just want to cover what it outstanding on your mortgage the reducing cover is what you want. In an ideal world you should have this type of cover in addition to standard insurance cover and critical illness too.
- Insure a random stranger with young child.
- Hire hitman for 10k.
- Profit?

Too dark, right?
Edited by: "TehJumpingJawa" 17th Feb
fr3dy77_sp33d41 m ago

Anyone has idea about life insurance for the child itself (in UK)? I'm …Anyone has idea about life insurance for the child itself (in UK)? I'm looking for one but couldn't find any


Why would you want or need to insure against the death of a child?
paul.jacobs2nd Jan

If you have a mortgage, you will already have cover, or your probably in …If you have a mortgage, you will already have cover, or your probably in breach of contract. I took out an Aviva policy 20 years ago which expires in 5 years time. Rather than waiting for it to expire, I worked out in the long run (subject to survival) it was cheaper to take out a new policy a few years ago, rather than waiting until I was nearing 50. It was also beneficial and cost not much more to take out separate polices for myself and my wife, rather than a joint policy. A joint policy pays out once if one or both of you die, whereas two polices will pay out separately if both roll up our tents. I used https://www.cavendishonline.co.uk/life/ to buy both of the policies, which are with different providers. This was the cheapest website for me, even though I had to pay £25 admin per policy. I pay a total of £45 a month for £350k cover for each of us until we are 69, £700k bonus for the kids!!This deal of £15k won't cover much at all, a funeral costs £5k+ and the change would pay for a two week holiday in Florida


Won’t be in breach of contract, only insurance any mortgage lender will make a term and condition of a mortgage is buildings insurance, common misconception brought on by bad brokers unfortunately.

Should you have life cover if you’ve got a mortgage?

Absolutely!!

If you got kids, Life cover is common sense and a minimum I’d say. Then look at the critical illness and income Protection.

Key thing is to get the correct advice, as everything is circumstantial to the individual concerned.

Oh and Critical illness does not include life cover as standard as someone else mentioned above, it normally has to be specified and can be cost free but usually is pence to a few £ more.

Also as correctly stated, always do split single policies when two of you to maximise both cover and potential payout


Btw I am a Mortgage and Protection adviser so know my stuff but won’t advise anyone online for the reason stated above 🏻

Going back to the OP - it’s free, if eligible get it .... in addition to being adequately protected of course, don’t stop at life insurance!!
fr3dy77_sp33d46 m ago

Anyone has idea about life insurance for the child itself (in UK)? I'm …Anyone has idea about life insurance for the child itself (in UK)? I'm looking for one but couldn't find any


Have to be 18, however many adult policies will cover children for a partial amount.
DudeDERAILED2nd Jan

Please don't die for 15k.



Too late, he's already pushed himself under a bus
Can you apply for this if you don't have any existing Aviva product/investment?
eggypumps1 h, 14 m ago

Why would you want or need to insure against the death of a child?


I guess too many kids get killed every year...
paul.jacobs2nd Jan

If you have a mortgage, you will already have cover, or your probably in …If you have a mortgage, you will already have cover, or your probably in breach of contract. I took out an Aviva policy 20 years ago which expires in 5 years time. Rather than waiting for it to expire, I worked out in the long run (subject to survival) it was cheaper to take out a new policy a few years ago, rather than waiting until I was nearing 50. It was also beneficial and cost not much more to take out separate polices for myself and my wife, rather than a joint policy. A joint policy pays out once if one or both of you die, whereas two polices will pay out separately if both roll up our tents. I used https://www.cavendishonline.co.uk/life/ to buy both of the policies, which are with different providers. This was the cheapest website for me, even though I had to pay £25 admin per policy. I pay a total of £45 a month for £350k cover for each of us until we are 69, £700k bonus for the kids!!This deal of £15k won't cover much at all, a funeral costs £5k+ and the change would pay for a two week holiday in Florida


Cheapest isn’t always best ... just saying.
Check the small print . What looks like a commodity product isn’t. Some include best doctors as standard which is an excellent add on product that if you become ill you can consult the worlds finest doctors about your illness and decide if the treatment you’re getting is the best on offer. Don’t just settle for a low premium.
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