Aegon Scottish Equitable today announced that from 1st February there will be a reduction in the premium rates for new policies covering Life Only and Life or Earlier Critical Illness.
According to information received by The Money Helper directly from Aegon, the changes will apply to policies where guaranteed premium rates have been selected (where the premium payable is guaranteed for the entire term of the policy - up to 40 years) on both level and reducing term options.
On average, premiums will be 0.9% lower than current rates, meaning that if you were planning on taking out a 40 year policy that costs £50.00 per month today, the savings to be made over the policy term based on the new rates available next week would amount to over £200.
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Thursday, 28 January 2010
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