Aegon life insurance review

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Who is Aegon?

Aegon is an international financial services provider, offering a range of products to help you manage your finances, including pensions, asset management and life insurance.

What does Aegon’s life insurance policy cover?

Aegon’s life insurance policy is named Personal Protection. It will pay out a lump sum to your loved ones if you die, become terminally ill, critically ill, permanently disabled or unable to work due to sickness/injury.

You’ll pay a monthly premium for this cover. The cost of this will depend on your age, your health, the level of cover you want and other personal circumstances.

The policy is extremely flexible, so you can adjust it to get the level of cover you desire. It’s also possible to amend this as your life goes on and your circumstances change.

Exclusions

As with any life insurance provider, Aegon will reject all claims where it has reason to believe that the insured person killed or injured themselves deliberately.

It will also reject all claims where the insured person had stopped paying their premiums, or was found to have given inaccurate information about themselves during the application process.

Claims process

You or your loved ones can make a claim by calling 03456 00 04 93o or sending an email to claims@aegon-service.co.uk, or writing a letter to Aegon, Edinburgh Park, Edinburgh, EH12 9SE.

Whatever method of contact is chosen, a member of staff will get in touch to ask for more information about the insured person and the incident that led to the claim being made.

How to contact Aegon

For general queries, you can call 03456 00 14 02, send an email to protect_support@aegon-service.co.uk or write a letter to Aegon, Edinburgh Park, Edinburgh, EH12 9SE.

Pros and cons

Our verdict

Aegon is one the most reputable financial services brands and this is one of the more comprehensive and flexible income protection policies on the market.

Frequently asked questions

• Who is eligible for Aegon Personal Protection?

  If you’re aged 18 or over and are a UK resident, you are eligible for this product. Aegon offers similar products to residents of other countries too.

• How do I cancel my Aegon Personal Protection policy?

  You can cancel your policy by calling 03456 00 14 02, sending an email to protect_support@aegon-service.co.uk or writing a letter to Aegon, Edinburgh Park, Edinburgh, EH12 9SE. If you cancel within 30 days of the policy beginning, you’ll receive a full refund, provided you haven’t made a claim.

• What happens if I miss a premium payment?

  You will be alerted that a payment has not been received, and that you have 30 days to pay the balance owed. If you do not make this payment within the 30-day period, your policy will be automatically cancelled.