Aegon UK reveals 2016 claims statistics

The figures show 98% of all life claims were paid out in 2016 to 663 families and businesses, representing payments amounting to £64.4m - a 15% increase on 2015.   The average size of claim paid was £100,661 and the average age at claim was 61 years old. Cancer continued to be the most common cause of death in a life claim (44%), followed by heart-related conditions (20%).   In total £23m was paid out early for terminal illness claims in 2016. Aegon paid 95% of all terminal illness claims it received.   The group also paid 95% of critical illness claims, which represented ...