Norwich Life Insurance Review

Norwich Life Insurance was originally known as Norwich Union Life. As the British arm of Aviva Life Insurance, it has been in operation since the end of the eighteenth century. In 2008, Aviva made the decision to rebrand Norwich Union Life as Aviva to provide a more consistent brand name presence in the insurance industry. As of mid-2009, Norwich Union is known exclusively as Aviva. Norwich Union provides life insurance as well as auto insurance, and is one of the oldest and most established insurance companies in the UK.

Norwich Life Insurance, or Aviva, offers two basic life insurance plans. The first is called level life insurance. With this plan, your family will receive a flat payout amount that can help defray the costs of a mortgage, car payments, credit card debt or other outstanding bills that remain after your death. Premiums on this insurance plan differ depending upon the amount of coverage you wish to have as well as your current age. These premiums will remain stable throughout the full life of the plan. There is no cash payment option during the life of the plan. If you choose a level insurance plan for a set amount of time, and you reach the end of the policy's life without your family having to collect the policy, it simply expires, with no cash payout and no insurance benefit paid to you or your family.

Another option provided by Norwich Life Insurance is decreasing life insurance. Sometimes referred to as mortgage life insurance, this type of coverage decreases as the policy matures. Most often, this type of insurance plan is meant to help pay off a major debt, such as a mortgage, that will naturally decrease over time. The Aviva Insurance website provides online tools to help you determine how much coverage you need, which plan is best for you, and to help you receive a real-time quote on an insurance policy.