Aegon enhances income protection offering

Aegon UK has made a number of changes to its personal and business income protection (IP) proposition. As well as the new two-year option added to its personal and executive IP offerings, the insurer has changed the personal IP replacement ratio from flat 55% to a tiered ratio according to income. A new lump sum death payment of £5,000 has been added to personal IP. An accidental death benefit is now available with all personal benefits (excluding gift inter vivos) and business benefits...