Aegon paid 96% of life claims in 2019

Aegon paid a total £148.1m in protection claims in 2019 - and 96% of life claims. The average size of life claim paid by Aegon last year was £100,619 and the average age at claim was 63 years old. Cancer was again the most common cause of death (43%), followed by heart-related conditions (23%). Of the life claims declined in 2019, 3.5% (75%) were due to misrepresentation and 0.5% were declined due to not meeting the definition. Terminal illness Aegon separately assessed its terminal illness (TI) claims - paid out on a diagnosis where life expectancy is 12 months or less - and 23...