Term Assurance

It simply gives you peace of mind

Scottish Friendly Term Assurance gives you the reassurance that your loved ones will be taken care of should the worst happen. It provides life and terminal illness cover for a set period of time, chosen by you. The table below provides all the plan detail and things you should consider. For more information on Term Assurance please visit the in detail tab.

i Your Term Assurance Plan	i Things you should consider
Pay a regular amount each month so you can provide a cash lump sum to help ensure your dependents are financially provided for if, during the term of the policy: you die, or you are diagnosed with a terminal illness with life expectancy of less than 12 months prior to the last 18 months of the policy term. The maximum level of cover is £200,000. Choose the length of time you wish the cover to last. After the insurance starts, the premium and length of time is fixed. You must be a UK resident aged between 18 and 69 to apply.	You must provide us with all relevant information, including medical details, to the best of your knowledge and belief. If you don’t do this, we might not pay out. You must tell us if there is any change to your personal health, family history, occupation, participation in any hazardous leisure activities, travel or residence before the date we have agreed the terms for your cover. If you don’t do this, we might not pay out. The policy has no cash-in value at any time, and if the benefit amount has not been paid out by the end of the selected term, the policy will end and you’ll get nothing back. Also, if you don’t pay your premiums on time your cover will stop, your benefit will end and you’ll get nothing back. Remember inflation may reduce what may be purchased from any payout. As the lump sum is paid to your estate, there could be an inheritance tax charge (if your estate is large enough).

i Your Term Assurance Plan

i Things you should consider

Pay a regular amount each month so you can provide a cash lump sum to help ensure your dependents are financially provided for if, during the term of the policy:
you die, or
you are diagnosed with a terminal illness with life expectancy of less than 12 months prior to the last 18 months of the policy term.
The maximum level of cover is £200,000.
Choose the length of time you wish the cover to last. After the insurance starts, the premium and length of time is fixed.
You must be a UK resident aged between 18 and 69 to apply.

You must provide us with all relevant information, including medical details, to the best of your knowledge and belief. If you don’t do this, we might not pay out.
You must tell us if there is any change to your personal health, family history, occupation, participation in any hazardous leisure activities, travel or residence before the date we have agreed the terms for your cover. If you don’t do this, we might not pay out.
The policy has no cash-in value at any time, and if the benefit amount has not been paid out by the end of the selected term, the policy will end and you’ll get nothing back.
Also, if you don’t pay your premiums on time your cover will stop, your benefit will end and you’ll get nothing back.
Remember inflation may reduce what may be purchased from any payout.
As the lump sum is paid to your estate, there could be an inheritance tax charge (if your estate is large enough).

Find out more

No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.

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Customer review: Scottish Friendly stands out from the crowd. I had heard really good things about you and I’m glad I went with you.
Vikki Simpson, Sheffield

Term Assurance

It simply gives you peace of mind

Taking out life insurance cover with us is straightforward

Thank you for choosing to apply. All you have to do is follow five simple steps: