AEGON has improved the financial underwriting limits for its personal and mortgage protection proposition by increasing the sum assured limit for when a personal financial questionnaire is required to over £750,000 for critical illness protection.
In August, AEGON announced improvements to its financial underwriting limits for its business protection offering by increasing the sums assured at which the business loan offer letter and company accounts are requested. At the time, AEGON also increased its immediate cover facility for life cover from over £2.5 million to over £3 million, making it the highest in the market.
Matt Rann, head of underwriting and claims, AEGON UK said: “These recent improvements to our personal and mortgage protection offering allowing us to maintain our position as a leading provider in this market. These changes enable us to make decisions based on fewer pieces of evidence, helping to ensure the whole process is turned around as quickly as possible. This benefits both the financial adviser and their customer.”
