Aviva MyProtector – Decreasing Review

The complete Pros and Cons on Aviva MyProtector – Decreasing

Aviva MyProtector – Decreasing product details

  • Non-participating policy – Term policy
  • Interest rate options of 1%, 2%, 3%, 4%, 5%, 7% or 9% to suit your requirements- this means coverage reduces as your debt is reduced – no need to be worried about getting over insured
  • Coverage term of 10 years and up to 99 Age Next Birthday at every one year interval

Aviva My Protector – Decreasing is a common search alternative for Aviva MyProtector – Decreasing.

Read AboutTerm Policy: How does it work?

Read About3 things to consider before taking up a new financial product

Features of Aviva MyProtector – Decreasing at a glance

Cash and Cash Withdrawal Benefits

Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

Total and Permanent Disability Benefit
Critical Illness Accelerated Benefit
Critical Illness Premium Waiver

Additional Features and Benefits

Yes.

For further information and details, refer to Aviva website. Alternatively, fill up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

Aviva MyProtector – Decreasing may be suitable if you are looking for

Aviva MyProtector – Decreasing may potentially be a good fit if the following matters to you:

  • High Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill shortfall in insurance portfolio

Aviva MyProtector – Decreasing may not be suitable if you are looking for

Aviva MyProtector – Decreasing may potentially be a bad fit if the following matters to you:

  • Long-term cash accumulation
  • Regular cash payout
  • A one-time premium commitment with no further cash commitment
  • Insurance policy with a surrender value.

Further considerations on Aviva MyProtector – Decreasing

  • How is Aviva or Aviva MyProtector – Decreasing payout and claims based on past track record?
  • How does Aviva MyProtector – Decreasing compare with Term policy from other insurance companies?
  • Can Aviva MyProtector – Decreasing fulfil my financial, insurance, health and protection needs?

The above information may not fully highlight all the product details and features on Aviva MyProtector – Decreasing. Talk to us or seek advice from a financial adviser before making any decision about Aviva MyProtector – Decreasing.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Is Aviva MyProtector – Decreasing suitable for me?

Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

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Personalised term insurance plans

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Let's start with a introduction of your personal profile. Please note that your current age and gender affects the insurance premium you have to pay for your term life plan.

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Birthdate:

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Step 2: Understanding your coverage needs…

Please select the amount and period of coverage that is needed for this term life plan.

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This insurance coverage is needed to the age (policy term) of:

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Before you go...
Aviva MyProtector – Decreasing may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

 

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