Life Insurance

Overview

Protection for Life

Helping you and your family to take out valuable protection cover

Although it’s important, many of us don’t have protection cover in place. Today we don’t think twice about insuring our house contents, pets or mobile phones, but we often don't think about protecting ourselves. 

Protection for Life is a plan provided by Scottish Widows which aims to help you protect yourself against the unexpected. You can take out Life, Critical Illness and Income Protection cover within one plan. The plan is easy to set up and easy to pay for with only one monthly Direct Debit payment. What’s more you can apply to amend the type and level of cover as your needs change - for example when you buy a home or have children.

Do you need cover?

There's nothing more important in life than your loved ones. But if something happens to you, what happens to them?

Or, if you're single and have worked hard for the lifestyle you have, isn't it worth protecting financially? What if an accident or illness meant you could no longer work or you needed time to recover? How would you meet monthly commitments such as mortgage payments, food and utility bills?

It's not something any of us like to think about. In fact, many people choose not to think about the worst case scenario at all – up to 8.5 million* adults in the UK are thought to have no life, critical illness cover or income protection in place for such an event.

But can you afford to take the risk? Could you or your family expect the same standard of living without your income?

If you want to be prepared for the unexpected, that's where we can help. Our advisers are happy to chat through what you can do to put protection in place for you and your family.

*Source: Scottish Widows Protection Report Research, Nov 2013, show that only 17% of UK adults have financial protection. 2011 Census data shows 50.2m adults in the UK.

Features

Protection for Life offers a choice of the following:

Life Cover
Pays out a lump sum if you are diagnosed with a terminal illness or die during the term of the cover. This can help provide financial security for your family, or help them pay off a mortgage or other debts. There are different levels of cover available depending on your needs.

Critical Illness and Life Cover
Pays out a cash sum if you die or are diagnosed with a terminal illness or one of a range of specified critical illnesses during the term of the policy, whichever happens first. Children's Critical Illness cover is also included at no extra cost.

Critical Illness Cover
Pays out a lump sum if you are diagnosed with one of a range of specified critical illness during the term of the cover.  Children's Critical Illness cover is also included at no extra cost.

Lifetime Cover
Lasts your whole life rather than a specific term. So it pays a lump sum when you die, to help cover expenses on death.

Essential Earnings Cover
Helps maintain your lifestyle by providing you with a maximum 60 monthly benefit payments if you can’t work for a period of time due to an accident or long term illness during the term of the cover.

Next Steps

Discuss your protection needs

To arrange to see one of our Financial Consultants in branch to discuss any of these needs, simply book an appointment online.

 Book an appointment 

Or you can call 0845 850 3701. Lines open Mon-Fri: 8:30am-6pm and Sat: 9am-12:30pm.

Want to learn more?

Arrange to see one of our advisors.

 Book an appointment 

You can also call us to book an appointment on 0845 850 3701. Lines open Mon-Fri: 8:30am-6pm and Sat: 9am-12:30pm.

Important protection information

In 2013, our industry regulator the Financial Conduct Authority (FCA), completed an investigation into the reward schemes we offered our branch based financial advisers, for advising customers on investment and protection products.

As a result of the investigation, we are now undertaking a review of investment and protection products purchased through our financial advisers.

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