Public Limited Company
Aegon began in 1831 as Scottish Equitable, founded in Edinburgh. Today, Aegon are part of Aegon N.V, which provides Life Insurance and other protection products on an international scale, with businesses in more than 25 countries.
Aegon has around 3.5 million customers in the UK alone has received 5 star Defaqto ratings for their service.
In 2016, it paid £123.4 million in claims for its personal protection products.
Aegon’s Life Insurance is part of its Personal Protection Solutions, which is a menu plan that allows you to combine different types of cover in one policy and get discounted cover.
Overview of Key Policy Details
Level Term / Decreasing Term / Family Income Benefit
Single / Joint Life First Event / Joint Life Second Event
Guaranteed / Reviewable
Terminal Illness Cover
Optional Critical Illness Cover
Critical Illness Covered
Children’s Critical Illness Cover
Included with Critical Illness
Waiver of Premium
Minimum Life Cover Term
1 year for life only / 5 years for life + critical illness
Minimum Entry Age
18 years old
Maximum Entry Age
89 for life only / 85 for Life and Critical Illness Cover
Automatically included and available before the age of 55 under any of the following circumstances:
Aegon’s Life Insurance policies are highly flexible and allow you to pick combinations of cover.
Aegon N.V. is one of the top ten largest insurance companies in the world, with total assets of €425,935 million in 2016. In the same year, the Aegon’s UK company also earned a Fitch financial strength rating of A+.
We try to find out everything there is to know about the policies we advise on to ensure that we are in the best position to match you with the most appropriate policy. Below, we have answered a few frequently asked questions given to us by our customers about your Aegon Life Insurance policy. If you need any further help, please do not hesitate to call us on 02084327333.
Head of Protection Advice at Drewberry
A. Aegon will allow you to split your joint life policy into two single life policies providing that you choose to do so before either of the people covered by the policy reaches the age of 71.
They may also allow you to split your policy without giving any more medical details depending on your general medical history. Aegon will tell you on your policy whether you are able to do this.
A. Children of policyholder with Critical Illness Cover will be covered under the policy while they are between the ages of 30 days old and 18 years old. However, this cover can carry on until they reach their 21st birthday providing they are in full-time education during this time.
As you can see, there are a lot of points to consider when comparing insurers. With so many factors in play, it can be time-consuming to pull up key information across every single insurer in the market, so why not ask an adviser for help?
We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.
If it is all getting a little confusing and you want to talk you through your options to make sure you find the most suitable cover please don’t hesitate to get in touch.
Pop us a call on 02084327333 or email firstname.lastname@example.org.
Independent Protection Expert at Drewberry
I’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.