SCOTTISH LIFE INSURANCE
Scottish Life Assurance Co is an Edinburgh based mutual society founded in 1881 and became a mutual in 1968.
Scottish Life was once one of Britains largest mutual insurers selling both protection, pension, savings & investment products. They were once also a major force in the mortgage protection market place with brokers but then slowly disappeared as the mortgage market moved from endowment to repayment mortgages.
Although Royal London Group offers new protection business, you maybe able to amend or adjust your existing old Scottish Life policy by contacting either Royal London or Independant Broker.
Looking in 2020 to compare old Scottish Life Assurance products.
SCOTTISH LIFE ASSURANCE - PRODUCT REVIEW
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
A whole of life policy that will always payout whenever death may occur. Premiums maybe reviewable in the future.
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
OVER 50'S LIFECOVER
A no medical evidence over 50's whole life insurance policy to always payout whenever death may occur perhaps for funeral costs - but only after an initial period. Has a protected payout period halfway through plan ensuring at least half cash sun payout.
CRITICAL ILLNESS COVER
Helps ease financial worries if you are diagnosed with a critical illness as specified by Scottish Life Insurance.
Providing security by way of an income if you are off sick or have an accident or disability.
SCOTTISH LIFE ENDOWMENT POLICY
Offering protection if the policy holder dies or is diagnosed with a critical or terminal illness during the mortgage plan term; designed to provide a lump sum at the end to be used usually toward repayment of an interest only mortgage loan.
Article on: Scottish Life Insurance ~ for more information visit www.royal-london.co.uk *
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FOR PROTECTION PRODUCTS WE USUALLY OFFER FROM A LIMITED PANEL OF PROVIDERS
Scottish Life Assurance