Aegon Life Insurance

Aegon UK is an affiliate of the global Aegon Group, one of the largest providers of life insurance and pension plans in the world. Its global presence in 20 countries gives Aegon the financial muscle and expertise to engage in financial services for personal and corporate wealth management, pensions, investment banking, insurance and financial advisories. Its personal protection products are backed by the Aegon Scottish Equitable.

Insurance Products

Aegon UK offers wealth protection to at the personal and corporate levels. For personal protection, Aegon offers Life Cover, Critical Illness Cover and Income Protection Cover which you can combine in different ways to maximize the benefits that suit your personal needs and financial situation.

Life Cover: This provides a fixed lump sum cash payout to your beneficiary if you die during the policy term. The amount of cover is constant throughout the duration of the policy term.

Critical Illness Cover: This policy covers you with a lump sum cash payment if you are diagnosed with certain illness or condition such as cancer, heart diseases, organ failures, dementia, stroke, loss of limbs, nervous disorders and other health impairment as specified in the policy that renders permanent disability or impairs your ability to continue with your gainful employment.

Income Protection: This provides a monthly cash payout to cover a percentage of your monthly income in the event of involuntary loss of gainful employment.

Additional benefits such a free critical illness cover for your kids are automatically included in any of its insurance plans.

Optional Benefits that Add Value

Aegon offers you the option to go beyond a fixed term policy with its Renewal Option. You can renew the policy every 5 years without any medical examination. This scheme takes into inflationary market conditions that may require you to adjust the value your plan to suit you better.

With its Premium Waiver option, should you suffer long-term disability that meets the policy definition, and after a period of time as specified in your policy, your cover will remain active without any more premium payments.

Unique Optional Insurance Features

Aegon’s Indexation Option is a unique feature that gives you the option to have your cover increased automatically every year in line with the RPI or Retail Prices Index that accounts of inflationary effects.

You can have an optional benefit called Gift Inter Vivos that allows you to cover against possible inheritance tax charges if you die within seven years of getting your policy which you have “gifted” to your beneficiaries.

Competitive Insurance Features

You can get instant online personalized quote within minutes. You will always have the option to increase or decrease your cover benefits, increase or decrease the cover term, change beneficiary and change payment frequency. At any time during the first 30 days of your policy (after the first month’s premium has been paid), you may cancel the policy and you get full refund.

All of its cover plans are fixed term life insurance without cash values. Insurance term ends when premium payments stop. Monthly premiums chosen remain constant for the duration of the policy term. Unlike many other insurance companies, Aegon has its Care First service that offers 24-hour advice and support to all its policy holders.