View more on these topics

Aegon boosts online applications for protection

Aegon Scottish Equitable has enhanced its online protection application process enabling advisers to get cover for clients immediately if the application is submitted online.

Advisers can now get standard or non-standard life, critical illness and income protection for their clients instantly when applied for online and a policy start date can be given up to 30 days after submission.

Aegon has also extended the time period to return a signed protection declaration from 30 to 60 days for all new cases and cases submitted after April 30 this year.

Head of individual protection marketing Rod McKie says: “We have made these changes to make the whole process of applying for protection quicker and smoother for both our IFA customers and their clients. A policy can now go on-risk immediately, subject to acceptance of course, from the requested start date.”

The Access to Medical Reports Consent Form will now be included in the data capture form and available from Aegon’s extranet.

Aegon will still require clients to sign and return the declaration to avoid non-disclosure.

McKie says: “By getting the client to sign the declaration and send it back to us we’re protecting the client the adviser and ourselves.”

Recommended

ABI to conduct review of life and pension fund sectors

The ABI has launched a review of its life and pension fund sectors which categorises over 6,000 unit-linked life and pension funds. The sectors enable advisers and consumers to compare similar funds on a like-for-like basis, and are independently monitored by the ABI.Over £500bn of assets are managed in these funds and the review has […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com