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Learn about Scottish Widows life cover and how it works. Compare cover options and get a quote.
What is life cover?
Life cover can protect your family's finances if you die during your policy term.
If that happens, they'll receive a lump sum so they can continue paying the bills.
Compare life insurance
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Compare life insurance FEATURES
PLAN & PROTECT
SCOTTISH WIDOWS PROTECT
FEATURES
Life cover available
PLAN & PROTECT
Yes
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Critical illness cover available
PLAN & PROTECT
Yes
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Income protection available
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Minimum age to start a policy
PLAN & PROTECT
18
SCOTTISH WIDOWS PROTECT
18
FEATURES
Maximum age to start a policy:
PLAN & PROTECT
-
SCOTTISH WIDOWS PROTECT
-
FEATURES
- Life cover
PLAN & PROTECT
59
SCOTTISH WIDOWS PROTECT
79
FEATURES
- Critical illness cover
PLAN & PROTECT
59
SCOTTISH WIDOWS PROTECT
64
FEATURES
- Income protection
PLAN & PROTECT
N/A
SCOTTISH WIDOWS PROTECT
59
FEATURES
Age when policy ends:
PLAN & PROTECT
-
SCOTTISH WIDOWS PROTECT
-
FEATURES
- Life cover
PLAN & PROTECT
70
SCOTTISH WIDOWS PROTECT
90
FEATURES
- Critical illness cover
PLAN & PROTECT
70
SCOTTISH WIDOWS PROTECT
70
FEATURES
- Income protection
PLAN & PROTECT
N/A
SCOTTISH WIDOWS PROTECT
70
FEATURES
Level cover available
PLAN & PROTECT
Yes
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Increasing cover available
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Decreasing cover available
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Maximum amount of cover:
PLAN & PROTECT
-
SCOTTISH WIDOWS PROTECT
-
FEATURES
- Life cover
PLAN & PROTECT
Total of £500,000
SCOTTISH WIDOWS PROTECT
- Level - £18 million
- Increasing - £7.2 million*
- Decreasing - £12.5 million
FEATURES
- Income protection
PLAN & PROTECT
N/A
SCOTTISH WIDOWS PROTECT
- Level - £20,000/month
- Increasing - £12,000/month
FEATURES
- Critical illness cover
PLAN & PROTECT
Total of £500,000
SCOTTISH WIDOWS PROTECT
£3 million
FEATURES
Cover for children up to 22 years old
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Scottish Widows Care included
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Free accidental death cover while we process your application
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Free mortgage cover while we process your application
PLAN & PROTECT
No
SCOTTISH WIDOWS PROTECT
Yes
FEATURES
Policy summaries
PLAN & PROTECT
SCOTTISH WIDOWS PROTECT
FEATURES
Get a quote
PLAN & PROTECT
SCOTTISH WIDOWS PROTECT
*The maximum amount of cover for Scottish Widows Protect life cover with increasing cover is £7.2 million, with annual increases allowed up to a total of £18 million.
There are different types of cover depending what you might need it for.
|
COVER OPTION |
WHAT THIS MEANS |
WHY YOU MIGHT NEED IT |
|---|---|---|
|
COVER OPTION Level cover |
WHAT THIS MEANS The amount of cover you choose and your premium will remain the same through the term of your policy. |
WHY YOU MIGHT NEED IT The amount of cover won’t change over time so you and your family know how much will be received in the event of a claim. |
|
COVER OPTION Decreasing cover |
WHAT THIS MEANS The amount of cover you choose reduces each month, but your premium remains the same. |
WHY YOU MIGHT NEED IT This is normally chosen to cover a repayment mortgage. |
|
COVER OPTION Increasing cover |
WHAT THIS MEANS The amount of cover you choose increases each year in line with the Retail Prices Index (RPI). Your premium will also increase for this type of cover. This means that your cover amount stays in line with inflation. |
WHY YOU MIGHT NEED IT As this type of cover stays in line with inflation, it is designed to combat price rises, maintaining its real value throughout the term. |
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There are several reasons why life insurance may be important to you. Life cover can help provide for your loved ones, settle outstanding loans or pay off your mortgage if you die. Critical illness cover could pay out a cash lump sum if you are diagnosed with an illness covered by your policy before it ends.
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It depends on your personal circumstances. There are some things you may need to consider, which could include:
- how much cover you have currently
- how much your family would need to support themselves without your salary
- the size of your mortgage and how long it’s got to run
- any other outstanding loans or debts you have
- the amount you want to pay each month.
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We offer two types of cover, life cover and critical illness cover. You can take out life cover with critical illness cover, or you can take them out as separate policies.
With Plan & Protect, you can have multiple polices of up to a total of £500,00 for life cover and £500,000 for critical illness cover.
With Scottish Widows Protect, you can have multiple policies with life cover up to a maximum of £18 million and critical illness cover of up to £3 million.
If you’re not sure which option will be best for you, contact Cavendish Online on 0800 131 0018, Monday to Thursday 9am to 7pm, Friday 9am to 6pm.
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That depends whether you choose our Plan & Protect Policy or Scottish Widows Protect.
With Scottish Widows Protect, you can choose to each have your own individual policy or you can have a joint policy. For a joint policy when one of you dies before the end of the policy, the payout will normally go to the person who survives. The policy will then end for both of you.
With Plan & Protect, we only offer single cover, which means a policy only covers one person. However, you could each take out your own policy. If you do this and one of you dies before the end of the policy, a payout is made and their policy ends. The other partner would continue to be covered under their own policy.
If you’re not sure which option will be best for you, contact Cavendish Online on 0800 131 0018, Monday to Thursday 9am to 7pm, Friday 9am to 6pm.
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It depends which of our insurance products you apply for.
When you apply for Scottish Widows Protect you’ll agree during your call with Cavendish Online when you want your policy to start. You can start your cover from aged 18 to 79 for life and 64 for critical illness.
When you apply for Plan & Protect, your policy starts as soon as we approve your application. You can start your cover from aged 18 to 59 for both life and critical illness.
