Aegon Scottish Equitable introduces ‘one and done’ underwriting

Aegon Scottish Equitable has introduced what it calls ‘one and done’ underwriting for its group income protection schemes using a once-only health declaration form. If a member is accepted on ordinary rates with loadings up to 200% or with exclusions, they will not be underwritten again for any future increase in benefits up to the maximum, currently £300,000. Its new health declaration form asks for more information, meaning fewer requests for additional medical evidence and less time underwriting.