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 including IP (except key person and executive), increased from £250,000 to £300,000 and from 60 ...