Aegon updates business protection process for advisers

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Aegon has rolled out the same online service process it launched for personal protection and whole of life last year for business protection and for its relevant life product, which has been updated.

According to the insurer, advisers now have more opportunities to receive an immediate online decision for business protection through a streamlined application service, quicker underwriting process and estimated prices showing the impact of client disclosures on an application.

The process has also freed up windows to offer multi-benefit and multi-policy discounts to clients, while advisers can apply for multiple benefits in a single online application, allowing them to apply for continuity and succession planning solutions in a combined journey, as well as relevant life and executive income protection.

Relevant life

Aegon has also updated its relevant life policy to include accidental death benefit for up to 60 days, when advisers use Aegon's declaration of trust.

A range of guaranteed insurability options have been added to give clients extra flexibility throughout the life of their policy, while the immediate cover facility now only requires proof of earnings for benefit amounts over £2.5m.  

Quick and easy

"We recognise that innovative digital solutions help advisers improve the service they provide for their clients," said Simon Jacobs, head of claims and underwriting at Aegon UK."Business protection doesn't have to be complicated and time consuming. These enhancements will go some way to helping save advisers' time and simplify the application process."

"If advisers haven't considered business protection for their clients, we have a lot of support to help them get started."

The Aegon business protection toolkit can be accessed here. 

 

This article was written by Adam Saville from Cover and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.