Aegon UK: 24% of life claims paid out early for terminal illness in 2017

Aegon UK has published claims data which shows a total of £120.6m worth of protection claims were paid to more than 1,400 families and businesses in 2017. Life claims (98%) were paid to 687 families and businesses in 2017, amounting to £58.1m - the average claim was £84,648 at an age of 61. Cancer was the most common cause of a life claim (42%), followed by heart-related conditions (23%). Interestingly, 24% of life claims were paid-out early as part of Aegon UK's Terminal Illness benefit policy (where life expectancy is 12 months or less), and 94% of those were paid. In total, £...