Aegon UK has announced improvements to the underwriting requirements for both personal and business protection.
The sum assured limits for when an application only is required have been increased across life and CI protection. Customers will no longer have to provide as much financial evidence for sums assured of up to £1.5 million for life protection or £850,000 for CI protection.
Business protection customers will also benefit from increased limits on their immediate cover facility. Aegon now provides immediate cover on sums assured of up to £3.5 million for life and up to £1.5 million for CI protection.
The non-medical limits for routine exercise ECGs have also been significantly increased across both business and personal protection. This means less customers will be asked to have an exercise ECG test, so their protection cover will be in place quicker and with less hassle.
Richard Dallas, group marketing director at Aegon UK said: "These increases to our routine medical and financial limits will save time and reduce inconvenience for advisers and customers alike. This is especially true for business protection customers and those applying for larger sums assured. "
Aegon has recently announced an intention to grow its protection business and that intermediary sales were key.
