Firm pays 98% of life and 94% of CIC claims
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...
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One person dies by suicide every 40 seconds
Following January 2020 changes