(PRNewswire)AEGON has reached a final agreement with Stichting Verliespolis and Stichting Woekerpolis Claim to reduce charges for customers of its unit-linked insurance policies in the Netherlands. The agreement is part of industry-wide efforts in the Netherlands to address concerns over charges related to unit-linked insurance products. AEGON previously announced improvements to such policies last September. Based on the information available at that time, the company estimated the cost at approximately EUR 140 million before tax. Under the final agreement announced today, AEGON will commit an additional maximum amount of EUR 110 million before tax to improve terms and conditions of its unit-linked policies, which includes a maximum of EUR 80 million before tax to assist those customers experiencing adverse financial circumstances.
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