Aegon Life Insurance

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Intro to Aegon

Established in 1831 as Scottish Equitable, known as AEGON Scottish Equitable in 2006 and AEGON from 2009. AEGON offers retirement, savings and protection solutions to around three million UK customers and employ more than 3,000 staff in their Life Insurance division.

They are now a multi-national business that incorporates Life Insurance, pensions and asset management and their headquarters are based in The Hague, Netherlands. Worldwide, AEGON employs around 28,000 people and have over 30 million customers.

AEGON historically sponsored the Dutch football team, AFC Ajax, and have also sponsored the Lawn Tennis Association, British Tennis and their American wing Transamerica sponsor American golfer Zach Johnson.
AEGON signed up to The Protection Distributors Group (PDG) Claim Charter, reinforcing their dedication to delivering the highest standards throughout the claim experience.

In April 2023 it was announced that AEGON’s UK Life Insurance, Critical Illness and Income Protection business would be sold to Royal London.

What benefits come with AEGON Life Insurance?

AEGON offer an additional benefit to its customers known as Policy Plus.

Policy Plus offers a range of support services for no additional cost for customers and their immediate family. These services are available throughout the life of the customer’s policy and include a second opinion medical opinion service, health and wellbeing service and a funeral payment pledge (advance payment of up to £10,000) when there are delays due to probate.

What are AEGON’s claim pay-out rates?

  • For Life Insurance, AEGON paid out 95% of all claims in 2021;
  • For critical illness cover, AEGON paid out 93% of all claims made in 2021;
  • AEGON paid over £139 million in claims, helping 1,693 families and businesses in 2021.

Can I still get AEGON Life Insurance?

In April 2023 it was announced that Aegon’s Life Insurance business will be acquired by Royal London. It is no longer possible to purchase new Aegon policies, although current Aegon Life Insurance customers will not be affected by the acquisition.

Is AEGON Life Insurance good?

Protect Line are an impartial brokerage, so this means we won’t ever give you any advice and will only provide facts. In regards to AEGON, we have provided factual information within this page so that you can make a decision when it comes to choosing your Life Insurance provider.

How do I get AEGON Life Insurance quotes?

It is no longer possible to get quotes for AEGON Life Insurance, since the UK Life Insurance business was sold to Royal London. However, if you would like to compare life insurance quotes from other major UK insurance companies all you need to do is fill out our online quote form, and have a chat with our friendly and professional team.

How much does Life Insurance from AEGON cost?

AEGON Life Insurance, which is now a part of Royal London Life Insurance, can vary in cost and is based upon personalised factors such as:

  • Your age
  • Your health
  • Your lifestyle choices
  • Whether you’re a smoker
  • The length and amount of cover

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4.5 star Google rating
5 star Trustpilot rating
5 star Smart Money People rating

We're the UK's #1 Life Insurance Broker, as voted for by real customers

Providing first-class service is something we’re extremely proud of. We’re fortunate that our customers have recognised this and have voted for us in these excellent awards.

Insurance Choice Awards - Best Protection Insurance Broker
Insurance Choice Awards - Best Overall Insurance Broker
Insurance Choice Awards - Treating Customers Fairly Champion