Aegon offer both level and decreasing (reducing) term life insurance.
With a level term life insurance policy, your pay out sum (sum assured) remains fixed throughout the life of your policy.
Whereas, with a decreasing or reducing term policy, your sum assured will reduce throughout the policy lifetime (Aegon reducing term cover reduces each month).
The minimum term length for level term life insurance is 1 year, and the minimum term length for reducing term life insurance is 2 years. Both have a maximum term length of 50 years.
You also have the option to take out cover on a joint basis, this means that two lives will be covered simultaneously under one policy.
This article will be discussing Aegon joint life insurance in more detail below.
All term policies will include terminal illness cover as standard, this will allow you to make an early claim on your life insurance if you’re diagnosed with a life-threatening illness and predicted to pass away within 12 months.
You can also choose to add critical illness cover to your policy for an additional cost.
Reassured offer both level term and decreasing term life insurance which can be taken out from just 20p-a-day.
Why not get in touch to compare quotes and find your ideal policy?