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Aegon enhances online service for business protection

16 April 2019

Aegon has rolled out a faster, more intuitive online service for its business protection and relevant life products to help save adviser firms time and simplify the application process.

It follows on from a similar upgrade to Aegon’s personal protection and whole of life products last year.

Aegon said the enhanced service would enable advisers to receive an immediate online decision for business protection applications, with quicker underwriting decisions and estimated prices showing the impact of specific client disclosures as advisers progress through an application.

Advisers can also apply for multiple benefits in a single online application, allowing them to apply for continuity and succession planning solutions together as well as relevant life and executive income protection.

In addition, the retirement and protection specialist has unveiled new features to its relevant life policy. These include accidental death benefit for up to 60 days, when advisers use Aegon’s Declaration of trust for a relevant life policy, a range of guaranteed insurability options and improved immediate cover facility.

Simon Jacobs, head of claims and underwriting, Aegon, said: “We recognise that innovative digital solutions help advisers improve the service they provide for their clients. 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.”

Jacobs added: “We’ll continue to support advisers in this market with our online business protection toolkit. Whether they’re already active in this market, or are looking to dip their toe in, we can provide help and support, from approaching clients, to developing professional connections, to creating solutions to meet their clients’ individual business protection needs.”

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