Aegon adds family income benefit to online protection application

Aegon has added critical illness (CI) family income benefit (FIB) and life with CI FIB to its online protection application service following a recent survey - of 1300 adults - by the insurer found that 58% of people would choose a monthly income pay-out over a lump-sum. FIB is a protection product that pays out a monthly income until the end of the benefit term if the insured person either dies or is diagnosed with a critical illness. Other changes include enhancements to income protection illustration process so that advisers know if there are any restrictions, based on a clients' o...