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Aegon commits to investment in business protection offering

Aegon is looking to bolster the way it offers business protection to advisers with a range of technology upgrades.

Advisers will now receive estimated prices showing the impact of specific client disclosures as they progress through an application.

The firm will take across other online upgrades that it made to its personal protection and whole of life products last year, for example quicker underwriting decisions, better visibility of multi-benefit and multi-policy discounts, and the ability to apply for multiple benefits in a single online application.

It has also added new features to its relevant life policy, including accidental death benefit for up to 60 days, a range of guaranteed insurability options, and a change to immediate cover meaning Aegon now only needs proof of earnings for benefit amounts over £2.5m.

Aegon head of claims and underwriting Simon Jacobs says: “We’re here to help people in the UK achieve a lifetime of financial security, which is why we’re committed to investing in our protection business to help advisers protect their clients more quickly and efficiently. We recognise that innovative digital solutions help advisers improve the service they provide for their clients.

“Business protection doesn’t have to be complicated and time consuming. These enhancements will go some way to helping save advisers’ time and simplify the application process.”

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