How To Cancel Your Aviva Life Insurance Policy

Life insurance is a serious business, and it's important to understand the ins and outs of your policy. While Aviva would be sad to see you go, they do offer a 30-day cooling-off period from your policy start date, or from when you receive your policy documents (whichever is later), during which you can cancel without penalty. After this period, you can still cancel at any time, but your premiums won't be refunded. It's worth noting that life insurance becomes more expensive as you age, so you may want to consider your options carefully before making a decision. If you're thinking of cancelling due to financial difficulties, Aviva offers a cost-of-living support scheme that allows you to lower your payments temporarily.

Cancelling Aviva life insurance within 30 days

Cancelling your Aviva life insurance within 30 days

If you are considering cancelling your Aviva life insurance policy, it is important to know that you have a 30-day cooling-off period from the start of your policy or from when you receive your policy documents (whichever is later) to change your mind. If you decide to cancel within this time frame, Aviva will refund any premiums you have paid. It is important to note that there is no cash value to your policy, and if you cancel, you will not be able to make any claims.

To cancel your Aviva life insurance policy within the 30-day cooling-off period, you can submit a request through their online form or by contacting their customer support. You may also write to them at the following address: Aviva Life, Norwich BCC, PO Box 520, Norwich, NR1 3WG. Remember to include your policy number and any other relevant information in your request.

If you are cancelling because of financial difficulties, Aviva offers a cost-of-living support scheme that allows you to lower your payments temporarily for 12-24 months. This may be a good alternative to cancellation if you are open to exploring options to relieve your financial burden.

If you have had a change in circumstances, such as a divorce or separation, you may be able to split a joint life policy and take out a new policy without answering additional medical questions. Contact Aviva as soon as possible after the separation to discuss your options.

Before making a final decision, consider that life insurance rates increase with age, and your current policy may be priced at a better rate than a new policy. Additionally, if you have had any health issues since taking out your policy, you may face higher premiums or even be declined for a new policy. Review your options carefully and seek financial advice if needed.

If you still decide to cancel your Aviva life insurance policy within the 30-day cooling-off period, remember that you can always return to Aviva in the future. They will be sad to see you go but will make the cancellation process as hassle-free as possible.

Cancelling Aviva life insurance after the 30-day cooling-off period

Section 1

If you want to cancel your Aviva life insurance policy after the 30-day cooling-off period, you can do so at any time, but your premiums will not be refunded.

Section 2

To cancel your policy, you need to contact Aviva or write to them at the following address: Aviva Life, Norwich BCC, PO Box 520, Norwich, NR1 3WG. It is important to note that if you cancel your policy, you will not be able to make any claims.

Section 3

Before cancelling your Aviva life insurance, you may want to consider the following:

• Reviewing your life insurance needs: Life insurance needs may change over time due to factors such as age, health, and life events. It is important to ensure that your coverage reflects your current needs and financial situation.
• Exploring alternative options: Aviva offers flexible policies that allow you to adjust your coverage amount or duration to reduce costs. You can also take a three-month payment holiday if you are facing short-term financial difficulties.
• Consulting a financial advisor: Cancelling your policy may result in higher costs for the same level of coverage in the future. Speaking with a financial advisor can help you make an informed decision about cancelling or adjusting your policy.

Section 4

If you decide to cancel your Aviva life insurance policy after the 30-day cooling-off period, remember to inform your policy provider and understand the consequences of cancelling, including the loss of coverage and the inability to make claims.

Cancelling Aviva life insurance due to financial difficulties

If you are experiencing financial difficulties and are considering cancelling your Aviva life insurance policy, there are a few things you should know and a few options to consider before making a decision. Firstly, it is important to remember that life insurance provides financial security for your loved ones in the event of your death. Therefore, cancelling your policy could leave your family or dependents without this financial safety net.

Review Your Options

Before making any decisions, Aviva recommends reviewing your options to ensure you are getting the right level of cover at a price you can afford. Life insurance needs can change over time due to various factors, such as changes in your income, mortgage payments, marital status, or the number of dependents you have. Aviva offers flexible policies that allow you to adjust your level of cover or the duration of your protection to reduce the cost of your insurance. You can also explore options like Aviva's cost-of-living support scheme, which allows you to lower your payments temporarily and increase them again in 12-24 months when your financial situation improves. Additionally, you may be able to take a three-month payment holiday if you are experiencing short-term financial difficulties due to specific circumstances, such as starting a new job or caring for a family member.

Cancelling Your Policy

If, after reviewing your options, you still feel that cancelling your Aviva life insurance policy is the best decision for your financial situation, you can do so at any time. However, it is important to note that you will not receive a refund for any premiums you have already paid, and your policy has no cash value. To cancel your policy, you can contact Aviva or write to their Norwich office. Remember to consider the implications of cancelling your policy carefully, as you will lose the financial protection it provides for your loved ones. Additionally, if you decide to purchase life insurance again in the future, it may be more expensive due to your increased age and changing health conditions.

Cancelling Aviva life insurance to switch providers

Cancelling your Aviva life insurance policy to switch providers is a straightforward process. However, before you take that step, there are a few things you should consider:

Review your cover

Life insurance policies are often long-term commitments, so it's essential to ensure that your coverage reflects any significant life changes and that your premiums remain affordable. Some key life changes that may impact the coverage you need include:

• Having more children or your first child
• Extending the length of your mortgage term to lower repayments
• Moving to a new home or making significant home improvements that increase your mortgage

Contact your existing provider

If you decide that you need to adjust your coverage, the first step is to contact your current provider, Aviva, and request a new or additional policy. You can get a quote online or by calling their customer support. To get an online quote, you will need your contact details and recent health information, while a phone call will require your existing policy number.

Understand the implications of switching

Before switching providers, it's important to be aware that you will be getting a new policy, which may result in higher premiums, especially if you are older or have experienced health problems since taking out your original policy. You will also need to answer health questions when applying for the new policy, even if it is with the same insurer.

Cancel your existing policy

If you decide to switch providers, you will need to inform your current insurer, Aviva, of your decision. They will explain the next steps in the cancellation process. Remember to choose the start date for your new policy carefully to ensure there are no gaps in your coverage. It is recommended to do thorough research and review your options before making any changes.

Cancelling Aviva life insurance and getting a refund

Cancelling your Aviva life insurance policy is a straightforward process. However, it's important to note that you will not get a refund of your premiums if you cancel your policy after the 30-day cooling-off period. Here's a step-by-step guide on how to cancel your Aviva life insurance and the options available to you:

Understand the Implications:

Before cancelling your Aviva life insurance, it's essential to consider the implications. Life insurance provides financial protection for your loved ones in the event of your death. If you cancel your policy, they may lose this safety net. Additionally, the number one factor affecting the price of most life insurance policies is your age when you take it out. If you cancel your current policy and then decide to purchase a new one later, you may end up paying more for the same level of coverage due to your increased age.

Review Your Options:

Before cancelling your Aviva life insurance, it's worth exploring alternative options. Aviva offers flexible policies that allow you to adjust your coverage or payment terms. You can reduce your monthly premiums by lowering your coverage amount or changing the duration of your protection. Additionally, Aviva offers a cost-of-living support scheme that allows you to temporarily lower your payments if you're facing financial difficulties. This scheme is available to most customers who purchased their policy after November 14, 2016, and whose policy number starts with BPL.

Contact Aviva:

If you've considered your options and still wish to proceed with the cancellation, you'll need to contact Aviva. You can do this by completing their online form or by writing to Aviva Life, Norwich BCC, PO Box 520, Norwich, NR1 3WG. Aviva will explain the next steps in the cancellation process, and it should be straightforward. Remember to cancel any direct debit or standing order associated with your policy payments to avoid further charges.

Understand Refund Eligibility:

It's important to note that life insurance policies typically have no cash value. If you cancel your Aviva life insurance policy after the 30-day cooling-off period, you will not be eligible for a refund of your premiums. The 30-day cooling-off period starts from your policy start date or when you receive your policy documents, whichever is later. If you cancel within this period, Aviva will refund any premiums you have paid.

Explore Alternative Options:

If your circumstances change, you may not need to cancel your Aviva life insurance policy entirely. Aviva allows you to make adjustments to your policy without cancelling it. You can increase or decrease your coverage, change the duration of your coverage, or remove someone from the policy. These changes can be made by contacting Aviva and discussing your options with them. It's recommended to speak with a financial advisor before making any significant changes to your policy.

Frequently asked questions