View more on these topics

Aegon Scottish Equitable adds 5 illnesses to CI policy

Aegon Scottish Equitable will be adding five more illnesses to its critical illness policy, taking the number of conditions covered to 36.

The firm has also improved three illness definitions to ABI+, making four in total.

The additional illnesses which the policy will now cover includes: Rheumatoid Arthritis, Encephalitis, Open Heart Surgery, Primary Pulmonary Hypertension and Systemic Lupus Erthematosous.

The three conditions that have new ABI+ definitions are coma, heart attack and third degree burns.

The firm has also extended the maximum term on its guaranteed rates from 25 years to 40 years.

Guaranteed rates have also been introduced for stand-alone Critical Illness cover with no premium increases throughout the lifetime of the policy.

Aegon Scottish Equitable will also be providing a new 24 hour helpline run by CareFirst. The new facility will offer a variety of services, including counsellors trained to deal with a wide range of issues such as bereavement and support to those diagnosed with critical illnesses such as cancer.

This service will be available free of charge to all Aegon Scottish Equitable policyholders and their families whenever they need them, not just at the point of claim.

Head of marketing for individual protection Rod McKie says: “When someone is diagnosed with a critical illness or a family is coming to terms with the bereavement of a loved one, an insurance payout is rarely going to be the first thing on their mind. Although the financial aspect of dealing with these situations is vitally important, we also feel that the provision of trained counsellors at the point of need is a valuable service. We are pleased to be partnering with CareFirst to provide this service to all our protection customers.”


Payne made MD at BM Solutions

The Mortgage Business managing director Nigel Payne has had his role extended to managing director of BM Solutions. This comes after former MD Tim Hague moved to head savings and investments at Birmingham Midshire.

Barclays selects commodities

Barclays Wealth has brought out the second issue of the commodities select plan, a capital-protected bond linked to a weighted basket of commodities.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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