Aegon extends premium deferral period

Following FCA guidelines, Aegon has adapted its terms and conditions to allow customers to defer premium payments for three months to help customers who may be struggling financially due to COVID-19. Aegon said: "If customers and/or their financial adviser decide that a payment deferral would be in their best interests, due to the exceptional nature of the current circumstances, we can offer a temporary variation to a customer's contract terms. Instead of cancelling their policy 30 days after their first missed policy payment, we can extend this to 90 days on a one-off basis. This will e...