Scottish Widows : Protection for Life - Lifetime Cover

Product profile

Description

Pays out a cash lump sum when you die, or if there are two people covered, when the last person dies

It can help:

• provide a cash sum  to help pay for bills or unexpected expenses when you die
• ensure that you've taken care of things for when you die

Age

18 to 74

Maximum amount payable

£5 million

Period of cover

• Until death

• You pay an amount each month for the cover until you reach age 90

• After age 90, your cover continues but you don't pay any further premiums

Benefits

• You choose the amount

• Death

• Terminal illness

• Guaranteed increase options on certain life events

• Premium reviewable every five years

• Best Dcotors service

Warning

The insurer carries out random checks of recently started policies so if your policy is chosen, you'll be required within 30 days to undergo a medical examination. If you decline to be examined or, as a result of this examination, insurers find out that  you've failed to tell them about a piece of material information, they can change or even cancel your policy.

Options

• Premium protection

• Level benefit

• Increasing benefit

• Decreasing benefit

• Indexation