Scottish Widows has been working to help people plan their financial futures since it was founded as Scotland’s first mutual life office in 1815. Don't let the name fool you, the Scottish Widows Life Insurance Company insures all people from all walks of life and all nationalities. Their life insurance policy is designed to insure that the policy holders dependents are financially provided for if the insured passes away or is diagnosed with a life-threatening illness. Depending on a persons individual circumstances, a policy could be written to have the benefits be level, decrease or increase as time goes by.

Scottish Widows offer a range of plans to suit your individual needs:

Scottish Widows Level cover – this means that the benefit amount and your premiums remain the same throughout the benefit term. You always know what your pay-out will be and it can be used, for example, to protect an interest only mortgage.

Scottish Widows Decreasing cover – this means that the benefit amount reduces each month similar to the way a repayment mortgage works.

Although premiums are the same throughout the policy, they start out lower than level or increasing benefit amounts. We will assume a fixed rate of interest of 10% a year. There may be insufficient funds to repay the loan if the interest rate on the mortgage or loan exceeds 10% or the loan is increased or extended.

The life insurance market in this country is huge. Choosing the right life insurance policy for your needs can be quite confusing and can cost you a lot of time.

Let us do the hard work for you - simply complete the form and we will immediately compare 100s of UK insurance providers to find the best quote suitable for your own personal needs.