Scottish Widows Life Insurance
Intro to Scottish Widows
Scottish Widows were established in 1815 and has been protecting families for over 200 years with both life insurance and pension services. They are based in Edinburgh and in 2009 became part of Lloyds Banking Group.
The business was formed when some Scotsmen sat down for coffee in Edinburgh and discussed a fund for securing provisions for widows, sisters and other female relatives of their fund holders so that they would not have suffer from financial uncertainty and poverty caused during the Napoleonic Wars. From humble beginnings it has grown to employ around 3,000 people.
They sponsored the Olympic Games in 2012 and employ Olympic athletes Roger Black and Sarah Storey.
Scottish Widows signed up to ‘The Protection Distributors Group’ (PDG) Claim Charter, reinforcing dedication to delivering the highest standards throughout the claim experience.
What benefits come with Scottish Widows Life Insurance?
Scottish Widows offers a wide range of included benefits including GP Services and Free Repeat Prescription Delivery by Square Health and their service Clinic in a Pocket makes it easy to get a GP appointment on a 24/7 basis.
In addition it offers a price lock promise from when an application is submitted to when the policy goes in force as well as a guarantee the price will not change – for up to 12 months.
How many customers do Scottish Widows have?
Scottish Widows have almost 6 million customers.
What are Scottish Widow’s claim pay-out rates?
- For Life Insurance, Scottish Widows paid out 99% of all claims made in 2021;
- For critical illness cover, Scottish Widows paid out 93% of all claims made in 2021;
- £207.9 million was paid out across all claims for 2021.
What awards have Scottish Widows won?
Scottish Widows won ‘Outstanding Individual Life Insurance’ for 2021 by Cover Magazine Excellence Awards.
Scottish Widows was also awarded 5 stars by Defaqto for Life cover and Critical illness cover and a gold service rating as well as a 5 star rating in the Financial Adviser Service Awards 2021 Protection and Pension providers.
Is Scottish Widows Life Insurance good?
Protect Line are an impartial brokerage, so this means we won’t ever give you any advice and will only provide facts. In regards to Scottish Widows, we have provided factual information within this page so that you can make a decision when it comes to choosing your Life Insurance provider.
How do I get Scottish Widows Life Insurance quotes?
We can offer you quotes for Scottish Widows Life Insurance – all you need to do is fill out our online quote form, have a chat with our friendly and professional team and you’ll then have quotes from multiple different insurers to choose from.
How do I pay for Scottish Widows Life Insurance?
You can pay for Scottish Widows Life Insurance like you would any other policy – this is usually via direct debit and set up when you take out your policy.
How much does Life Insurance from Scottish Widows cost?
Scottish Widows Life Insurance can vary in cost and is based upon personalised factors such as:
- Your age
- Your health
- Your lifestyle choices
- Whether you’re a smoker
- The length and amount of cover