Aegon increases financial and medical underwriting limits

For both personal and business protection

Adam Saville
clock • 1 min read

Benefit thresholds for financial questionnaire and medical evidence improved for applicants

Customers applying for personal protection through Aegon will only be required to complete a financial questionnaire for cover worth more than £2m for life and £850,000 for critical illness for family protection, mortgage and business cover.   For inheritance tax (IHT) planning, all customers will only need to provide a completed financial questionnaire for benefits amounts of more than £3m. Levels have also increased where independent financial evidence is required for personal protection, IHT, personal and executive income protection, while Aegon continues to offer immediate cover f...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Quarter of over-55s have informed executors on how to locate protection policies

Quarter of over-55s have informed executors on how to locate protection policies

Canada Life research findings

Jaskeet Briah
clock 11 September 2026 • 2 min read
Sorry (not sorry) to interrupt

Sorry (not sorry) to interrupt

World Suicide Prevention Day

Cameron Roberts
clock 10 September 2026 • 3 min read
Over half of parents financially impacted by their child's illness or injury

Over half of parents financially impacted by their child's illness or injury

MetLife’s Everyday Risk Report

Jaskeet Briah
clock 09 September 2026 • 2 min read