Aegon UK: 24% of life claims paid out early for terminal illness in 2017

Life claims (98%) were paid to 687 families and businesses in 2017, amounting to £58.1m - the average claim was £84,648 at an age of 61. Cancer was the most common cause of a life claim (42%), followed by heart-related conditions (23%). One quarter (24%) of life claims were paid-out early as part of Aegon UK's Terminal Illness benefit policy (where life expectancy is 12 months or less), and 94% of those were paid. In total, £23.7m was paid for terminal illness claims in 2017, to 200 families and businesses. Aegon paid 94% of critical illness claims, a total of £37.6m (£2m more than...