Aegon Life Insurance & Protection UK
Explained by an independent adviser
Aegon Life Insurance & Protection UK
Aegon is one of the world’s largest financial services companies, with a strong presence in the UK protection market. They offer life insurance, critical illness cover and income protection through independent financial advisers, backed by their global financial strength and a long track record in the UK market.
Written by Ben Tomlin, Financial Adviser · FCA No. 1038034 · Last reviewed June 2026
▶ In plain English — who are Aegon?
Aegon is a Dutch multinational financial services company with a major UK operation. In the UK, they are well known in both the protection and pensions markets. Their protection products — life insurance, critical illness cover and income protection — are available through independent financial advisers and have a strong track record in the UK adviser market.
As an independent firm, we’re not tied to Aegon. If they’re the best option for your circumstances, we’ll tell you. If another provider offers better definitions, pricing or terms, we’ll tell you that too.
On this page
Aegon UK protection products
Aegon offer a range of individual protection products in the UK, available through independent financial advisers. They also offer group protection for employers.
Product 1
Life Insurance
Level or decreasing term life insurance paying a lump sum on death within the policy term. Suitable for family protection, mortgage cover, or leaving a financial legacy. Available on a single or joint life basis with flexible term and sum assured options.
Product 2
Critical Illness Cover
Pays a tax-free lump sum on diagnosis of a covered critical illness. Available standalone or combined with life insurance. Includes children’s critical illness cover. Always compare definitions across providers before choosing.
Product 3
Income Protection
Replaces a proportion of your income if you’re unable to work due to illness or injury. Flexible deferred period options to suit different budgets and employment situations.
Headquarters
The Hague, NL
UK presence
Edinburgh
Children’s CI
Included
Distribution
Adviser & direct
Aegon Critical Illness Cover
Critical illness cover pays a tax-free lump sum if you’re diagnosed with a covered condition during the policy term. The quality of a CI policy depends on the breadth and precision of its condition definitions — which is why independent comparison matters.
Lump sum on diagnosis
Aegon critical illness cover pays a tax-free lump sum on diagnosis of a covered condition. The money is yours to use however you choose — to pay off a mortgage, cover medical costs, adapt your home, or replace lost income during recovery.
Children’s critical illness cover included
Aegon include children’s critical illness cover as standard on their CI policies, providing a payment if a covered child is diagnosed with a qualifying condition.
Standalone or combined with life insurance
Aegon critical illness cover can be taken as a standalone policy or combined with life insurance. A combined policy pays out on whichever occurs first — death or a qualifying critical illness diagnosis.
Waiver of premium option
Waiver of premium is available as an optional add-on, keeping your policy in force if you are unable to work due to illness or injury.
Why definitions matter — and why we compare
Not all critical illness policies are equal. As independent advisers, we compare Aegon’s definitions against the full market — including Guardian, Royal London and Corebridge Financial — to find the policy that gives you the best real-world protection for your circumstances.
Aegon wellbeing support — added-value benefits
Aegon include added-value wellbeing support with their protection policies, giving policyholders access to health and wellbeing services without needing to make a claim on their policy.
GP helpline
Access to a GP telephone helpline, allowing policyholders to speak to a qualified doctor without waiting for an NHS appointment.
Mental health support
Access to mental health support services to help policyholders address concerns early before they escalate.
Bereavement support
Access to bereavement support for policyholders and their families, providing emotional support during one of life’s most difficult times.
Legal and financial helplines
Access to legal and financial helplines providing guidance on practical matters from employment issues to wills and estate planning queries.
About Aegon in the UK
Aegon is a Dutch multinational financial services company headquartered in The Hague, with a major UK operation based in Edinburgh. They are one of the world’s largest financial services companies, with a significant presence in life insurance, pensions and asset management across multiple countries.
In the UK, Aegon is well established in both the protection and pensions markets. Their protection products are available through independent financial advisers, and they have a strong track record of paying claims and supporting policyholders through difficult times.
Aegon UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
The Hague
Global headquarters
Edinburgh
UK headquarters
PRA & FCA
UK regulated
Why use an independent adviser for Aegon?
An independent, whole-of-market adviser like That’s Family Finance can compare Aegon against every other major UK protection provider — including Guardian, Royal London, Legal & General, Aviva, Zurich, Vitality, LV= and Corebridge Financial — and recommend the policy that genuinely suits your circumstances.
Our advice is independent, FCA-regulated, and free of charge at the point of advice. We are paid by commission from the insurer if you proceed — which we will always disclose clearly.
You might also find this useful
Other protection providers we advise on.
Corebridge Financial (formerly AIG Life) Explained
Adviser-only protection with Smart Health added-value benefits included as standard.
Guardian Critical Illness Cover Explained
Adviser-only pure protection with some of the most comprehensive CI definitions in the UK market.
Royal London Helping Hand Explained
Free wellbeing and recovery support included with all advised Royal London protection plans.
Scottish Widows Protection Explained
Life insurance, critical illness and income protection from one of the UK’s oldest insurers.
Get Independent Protection Advice
Not sure which provider is right for you? Send us an enquiry for an honest, whole-of-market view.
Independent advice, available across the UK
That’s Family Finance provides independent protection advice to families and individuals across England, Scotland, Wales and Northern Ireland. Whether you’re in London, Manchester, Birmingham, Leeds, Bristol, Sheffield, Edinburgh, Cardiff, Glasgow, Essex or anywhere in between, we work with you remotely or in person to find the right cover for your circumstances.
We advise on Aegon alongside all other major protection providers including Guardian, Royal London, Legal & General, Aviva, Zurich, Vitality and LV=.
We are not Aegon. That’s Family Finance is an independent, FCA-regulated firm (No. 1038034).
Want to know if Aegon is right for you?
We’re independent and whole-of-market. Send us an enquiry or reach us on WhatsApp for an honest, no-obligation view.
FCA regulated · No obligation · Not tied to Aegon
Common questions
Questions we’re asked about Aegon protection.
What protection products does Aegon offer in the UK?
Aegon offers life insurance, critical illness cover and income protection to UK individuals through independent financial advisers, as well as group protection products for employers.
Is Aegon a good life insurance provider?
Aegon is one of the UK’s established protection providers with a strong track record. As an independent adviser, we compare Aegon against the full market to find the most suitable policy for your circumstances.
Does Aegon offer critical illness cover?
Yes. Aegon offer critical illness cover as a standalone policy or combined with life insurance. Always compare condition definitions across providers before choosing — this is where independent advice adds the most value.
Can I get Aegon protection through an independent adviser?
Yes. Aegon protection products are available through FCA-regulated independent financial advisers.
Where is Aegon based in the UK?
Aegon’s UK headquarters is in Edinburgh, Scotland. They are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
How does Aegon compare to other UK protection providers?
An independent, whole-of-market adviser like That’s Family Finance can compare Aegon against all other major UK protection providers and recommend the most suitable policy for your circumstances.
Aegon’s added-value services are provided by third parties and are not part of the core insurance contract. They may be amended or withdrawn by Aegon at any time. Always refer to Aegon’s own policy documentation for the most current details, including the full list of covered conditions, definitions, and exclusions.
We are not Aegon. That’s Family Finance is an independent, FCA-regulated firm (No. 1038034). This page contains information about Aegon’s protection products based on their published materials at the time of writing. Always refer to Aegon’s own documentation for the most current details. Aegon UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.