Critical Illness Conditions Covered
We will pay the full sum assured for 41 critical illness conditions and an additional payment for 8 additional conditions. The additional payment will not be taken from the main sum assured. The payments for the additional conditions will be equal to £25,000 or 25% of the sum assured, whichever is lower, and will not affect the main sum assured. If we pay out on an additional condition claim, we won’t pay any further claim for that additional condition in respect of the person covered, but they may still make a claim in relation to any of the other additional or full critical illness conditions.
If we pay out on a full critical illness condition the policy will end.
For full details of the conditions we cover please see the definitions section.
Children's Critical Illness Cover
Children’s Critical Illness Cover is automatically included with all of our Critical Illness Cover policies at no extra cost. It covers all natural, legally adopted, or step children who are financially dependent on the person covered. We’ll pay out £25,000 or 50% of the main sum assured (whichever is lower) if the child is diagnosed with one of the illnesses in our list of definitions and is covered under the policy after birth and before age 22 years. We also cover 5 specific children’s conditions. Cover excludes terminal illness, additional conditions and Total Permanent Disability. Any payments made under Children’s Critical Illness Cover will not impact on the main cover.
For full details regarding our Children’s Critical Illness Cover please see our Key Features.
Children's Life Cover
Children’s Life Cover is automatically included with all of our Critical Illness Cover policies at no extra cost. A one-off payment of £5,000 will be paid in the event of the death of a child (a natural, legally adopted, or step-child who is financially dependent on the person covered and is aged between 30 days and 22 years).
Terminal Illness Cover
Terminal Illness Cover is automatically included and is payable if the life assured has a definite diagnosis by the attending Consultant of an illness that satisfies both of the following:
- The illness either has no known cure or has progressed to the point where it cannot be cured; and
- In the opinion of the attending Consultant, the illness is expected to lead to death within 12 months.
Once the sum assured has been paid Life Cover will end and no more premiums will be collected.
Free Accidental Death Cover
Up to 90 days’ Free Accidental Death Cover is automatically included and starts from the date we receive your client’s fully completed application form. Free Accidental Death Cover continues until the acceptance, decline or postponement of the application, 90 days have passed or the date a claim is made, whichever is earlier.
In the event of a claim we will pay the sum assured applied for or £250,000, whichever is lower. The claim received must meet the claims criteria for both Free Accidental Death Cover and for Life Cover under the policy applied for.
For full details regarding Free Accidental Death Cover, including eligibility and exclusions please see our leaflet.
Renewable Cover is a 5 year level term cover with the option to apply indexation (ie this sum assured will increase each year in line with RPI). When the initial term ends options exist to renew for a further 5 years without any further underwriting.
For full details regarding our Renewable Cover please see our Key Features.
Guaranteed Insurability Option (GIO)
This option allows your client to increase the sum assured in certain circumstances without further underwriting provided the original cover was issued on our standard terms. Your client can use their Guaranteed Insurability Option when any of the following events occur:
- Change in value of key person
- Change in value of partnership
- Change in shareholding
- Change in value of business loan
- Promotion or salary increase
For full details regarding Guaranteed Insurability Options including eligibility, restrictions and limits please see our Policy Provisions.
Replacement Cover is automatically included on all Life and Critical Illness Cover polices set up on a joint life basis. In the event of a claim this option allows the life who has not claimed to take out a new single life policy for the remaining term of their original policy without the need for further underwriting.
When exercising this option, your client must apply for the policy within 3 months from the date we paid the claim. The original terms and conditions will apply to the new policy, the only difference will be the premiums – they’ll be based on the rates, the life assured's age and the remaining policy term at the time the replacement policy is taken out.
Premium Protection protects your client’s policy premiums so that they are paid if they suffer an illness, disability or accident which leaves them unable to work. This option can only be added at the time the policy is taken out at an extra cost. It can be removed at any time but can’t be added in again once it has been removed.
The minimum age when cover starts is 18, the maximum age that cover starts is 60.
In the event of a claim we will start to pay the premiums for the policy holder after 26 weeks and continue to pay the premiums until the policy holder returns to work, reaches age 70, or the policy ends, whichever is sooner.
Cover will end 26 weeks before the policy holder’s 70th birthday (if payments are already being made as part of a claim these will continue to be made until the 70th birthday). For Joint Life cases Premium Protection can be selected for one or both lives (cover stops for both lives when the older person reaches age 70).
Premium Protection is not available on a life of another basis.
For full details regarding Premium Protection please see our Policy Provisions.
Life Cover buyback
In the event of a valid critical illness claim this feature allows the policy holder who made the claim to ‘buy back’ the life cover part of the policy as a new policy without the need for further underwriting.
The following conditions apply:
- The option must be selected during the application stage. It can’t be added after the policy has started
- In the case of a joint life policy the Life Cover Buyback option can be applied to one or both people covered
- The person covered must advise us within 3 months of the claim being settled that they want to use their buyback option. The new policy will start 12 months after the claim is settled
- The new policy provided under this option can only be taken out for the remaining term of the original policy
- The premium the customer will pay for the new Life Cover policy will be the premium rates as at the date the claim is settled. However, the original underwriting terms and policy terms and conditions that applied when the original policy was taken out will still apply
- For joint life policies where both lives have selected the Life Cover Buyback option, only the life making the claim will be able to use the buyback option. The other life will receive a new policy under the Replacement Cover option which includes Life Cover Buyback.
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Scottish Widows Care
Our plans offer your clients a range of support services as well as the financial peace of mind that protection insurance gives. We work with an independent care organisation, RedArc, to give your clients and their families the practical advice and emotional support they’ll need through difficult and traumatic times in their lives.
Red Arc nurse advisers can also work with businesses to offer support to co-workers in the event of the death of a key employee; advise a business on how to support a critically ill employee who may choose to work through treatment; or help a key person return to work following recovery from a critical illness.
For more information please see our Care section.
Flexibility & portability
Our protection policies are flexible and can be adapted at any time during the policy term. This flexibility means your clients can apply to make changes to their cover as their protection needs change without having to cancel the existing cover first.
Our protection policies are also portable. Where two people have policies within the same plan, they have the option to split the plan and move policies into a new plan should they wish.