How Ulysses could use term life*

This is Ulysses and his daughter Kiarra. He also has an 8-year-old son at home. Ulysses has been a single father since his wife passed away two years ago.

Ulysses’s situation
No longer a two-income household, the family budget doesn’t have a lot of room for extra expenses. And when his wife died, his kids immediately asked him what would happen if something happened to him. He is so busy being a single father, his kids often tease him that he never has a plan, but in this case, he reassured them that he does. Like any father, especially being a single parent, Ulysses is concerned about what happens to his kids if he was to die before they have grown up and established their own independence.

Solution
An Aviva term life insurance policy would give Ulysses the peace of mind he seeks for his kids. The premiums are within the family budget today, and he can plan on converting it to a permanent universal life policy in a few years when he can afford to pay a bit more. That way, he will have started with an affordable policy while he was relatively young. And he can maintain a long-term strategy of converting to a permanent life insurance policy that will guarantee coverage in the future even if he becomes ill and would not qualify for a life insurance policy.

How you could use term life

Ulysses’s situation is just one example of how you can use an affordable Aviva term life insurance policy to make sure those you love are cared for, whether you’re here or not. A local professional Aviva agent can help you identify ways to make an Aviva term policy work for you.

*This case study is for illustrative purposes only and is not guaranteed. Aviva does not authorize its agents, employees, or representatives to give legal, tax or accounting advice. The information on this website reflects our understanding of current laws as they relate to insurance products. These laws are subject to change in the future. Please consult your personal advisor for any needed legal, tax or accounting advice.

All tax related information contained herein is based on our current understanding of federal tax laws as they relate to life insurance or other subject matter discussed. These laws are subject to change in the future. Neither Aviva nor its representatives offer legal or tax advice. You should consult a personal tax advisor on any tax matters. In order to comply with certain U.S. Treasury regulations, please be advised of the following: Unless expressly stated otherwise, any U.S. Federal tax advice contained in these materials is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service. Products issued by and all policy benefits are the responsibility of Aviva Life and Annuity Company, and not that of any other insurer or company.

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