Aegon

Aegon is no longer a mainstream option for new UK protection policies such as life insurance, critical illness cover or income protection. If you were searching for Aegon because you recognised the name, it is worth getting advice on which providers are active and suitable today.

Yes, Kerr & Watson can still help. We can explain Aegon’s current position, review your protection needs and compare suitable alternatives from insurers currently offering life insurance, critical illness cover and income protection.

Aegon previously offered protection products, but new protection business is no longer placed with Aegon in the same way. Existing customers may still have older policies, but new applicants will usually need to consider alternative insurers.

If you already have an Aegon policy, it may still provide valuable cover. It is worth reviewing the policy to check the amount of cover, term, beneficiaries, trust position and whether it still matches your mortgage, family and income needs.

Yes, there are several active life insurance providers that may be suitable depending on your age, health, smoking status, mortgage balance, family needs and budget. Kerr & Watson can compare the market and recommend a provider based on your circumstances.

You may be able to replace an old Aegon policy, but you should not cancel existing cover until new cover is accepted and live. Your health, age and lifestyle may have changed, so advice is important before switching.

Aegon is unlikely to be the right option for new mortgage protection if you are applying today. Kerr & Watson can help you compare current providers for decreasing life insurance, level life insurance, critical illness cover and income protection.

If you have an active Aegon policy, you may still be able to claim if the event is covered under the policy terms. You should check the policy documents or contact the policy administrator for claim details.

Yes, reviewing old protection cover can be sensible, especially if you have moved home, taken a new mortgage, had children, changed jobs or your income has changed. A review can show whether the cover is still suitable or whether changes are needed.

Advice helps you avoid relying on outdated provider information. Kerr & Watson can review what you need now, compare current insurers and recommend cover that fits your mortgage, income, family and budget.

The right insurance provider will depend on the type of cover you need, your age, health, lifestyle, occupation, budget and the reason for taking out the policy. Some insurers may be stronger for life insurance, while others may be more suitable for income protection, critical illness cover, private medical insurance or business protection. An adviser can compare providers and help recommend cover that suits your circumstances.

No. Insurance providers can offer different policy features, definitions, exclusions, underwriting rules, claims processes and optional extras. Two policies may look similar at first, but the quality of cover can vary significantly. This is why it is important to compare more than just the monthly premium.

Not always. The cheapest policy may not provide the most suitable cover for your needs. It is important to consider what the policy covers, what it excludes, how claims are assessed, whether optional benefits are included and whether the provider’s underwriting is suitable for your circumstances.

An insurance adviser can help compare providers, explain the differences between policies and recommend cover based on your needs. This can be especially useful if you are protecting a mortgage, have a family, are self-employed, have pre-existing medical conditions, work in a higher-risk occupation or want to make sure the policy is set up correctly.

Yes. An adviser can compare a range of insurance providers and policy types, helping you understand which options may be suitable. This can include life insurance, critical illness cover, income protection, private medical insurance and business protection, depending on your needs.

Yes. Insurance providers can take different views on medical history, medication, BMI, smoking, family history and previous health conditions. One provider may offer standard terms, while another may increase the premium, exclude a condition or decline cover. Choosing the right provider can make a significant difference.

You may still be able to get insurance if you have a pre-existing medical condition, but the terms will depend on the condition, severity, treatment, recovery, time since diagnosis and the type of cover required. Some insurers may be more flexible than others, so it is worth getting advice before applying.

Some insurance applications can be accepted based on the information provided in the application, while others may require additional medical evidence. This could include a GP report, nurse screening, medical exam or further questions from the insurer. The level of underwriting depends on the provider, policy type, cover amount and your medical history.

A valid claim should be paid if it meets the policy terms and the information provided at application was accurate. Claims can be affected if the condition is not covered, an exclusion applies, premiums have not been maintained or important information was not disclosed when applying. This is why it is important to answer application questions carefully.

Yes. Many people have more than one insurance policy, especially if each policy has a different purpose. For example, you may have life insurance to protect a mortgage, income protection to replace earnings if you cannot work, and critical illness cover to provide a lump sum following a serious illness. The right combination will depend on your needs and budget.

Yes. It is sensible to review your insurance after major life changes, such as buying a home, remortgaging, having children, changing jobs, becoming self-employed, increasing your borrowing or starting a business. Your existing cover may no longer match your needs, or there may be better-suited options available.

Yes. Kerr & Watson can review your circumstances, compare suitable insurance providers and explain which options may be available. We can help with life insurance, critical illness cover, income protection, private medical insurance, business protection and cover for more complex circumstances.