Aegon rolls out bereavement claims guide
Aegon has issued a guide with all death claims packs to help raise awareness among customers and their advisers of the financial support that may be available to them from the state.
The company believes grieving families could be missing out on thousands of pounds of non means-tested state payments simply because people don’t know they are entitled to claim them.
The customer guide, ‘Financial support for difficult times’ outlines the two potential benefits available – Bereavement Payment and Bereavement Allowance.
Bereavement Payment is a tax free lump sum payment of £2,000. To be entitled to claim this payment recipients must be under state pension age and the deceased spouse or partner must have made National Insurance contributions and not entitled to a category A state retirement benefit when they died.
Bereavement Allowance is a taxable weekly benefit of up to £100.70 per week paid for up to 52 weeks from the date of death. To be entitled to this payment, recipients must be over age 45 but under state pension age, have no dependent children, and the deceased spouse or partner must have made National Insurance contributions or died as a result of their job,
Matt Rann, head of underwriting and claims at Aegon, says: “The loss of a loved one can leave families facing real financial hardship which can be a huge burden to people already dealing with a loss.
“By highlighting the benefits that grieving families could be entitled to, we aim to help make this time as easy as possible and relieve some of the strain. The existence of these benefits is probably not common knowledge and for many, they could make a real difference at the most difficult of times.”