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 if any payout is made after a longer period (5 years or more). 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 if any payout is made after a longer period (5 years or more).
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.

It simply gives you peace of mind

If the unthinkable were to happen to you we can of course not console your loved ones. But you can give them financial support by taking out our simple and affordable Term Assurance policy. Knowing your loved ones will be able to carry on without financial worries could help give you peace of mind.

Term Assurance provides life and terminal illness cover for a set period of time.

With Term Assurance you get your chosen level of cover when you’re diagnosed with a terminal illness during that period (see below). Or if you die in the period, Term life Assurance pays this to your family on your death.

Guaranteed payments

You know best, so you decide how much term insurance you want. And for how many years you want the assurance. The maximum cover is £200,000.

You tell us what you want and we tell you how much the monthly premium will be. You pay this premium during the chosen period by Direct Debit – easy and convenient. That’s another worry less.

Plus, you don’t have to be concerned about changes. We guarantee the premium won’t go up and the payout never goes down.

When do we payout?

Your Term Assurance policy pays out:

if you die during the term;
or if you’re diagnosed with a terminal illness with life expectancy of less than 12 months prior to the last 18 months of the term.

Term Assurance only pays out once - if you die or are diagnosed terminally ill. It has no savings element or cash-in value.

Get a quote

Starting Term Assurance with Scottish Friendly is easy. Make sure you have read and understood the Key Features before you apply. Get a personalised term assurance quote, call us on 08456 00 54 33 (Monday - Friday, 8.30 am to 5.30 pm) and if you're happy with it, you can then apply by submitting an application form.

For your protection calls may be monitored and recorded.

If you apply, we suggest printing or saving a copy of this page, other relevant pages and the Key Features.

Quote Details

How much do you want to be covered for?^*

The maximum amount of cover is £200,000

How long do you want the cover to last?^*

The cover term should not exceed your 75th birthday

Your date of birth^*

Age between 18 and 70

Your gender^*

Have you smoked any tobacco in the last 12 months or have you any intention of doing so in the future? (+)^*

Note: (+) Should you proceed with an application for term assurance, a simple medical test may be required to check the validity of the answer to this question

Apply today

Starting your plan with Scottish Friendly is safe and easy

Offline documentation:

You can apply offline

Download an application

Useful documents

Key features (PDF)

0333 323 5433

Monday to Friday
8.30am-5.30pm

To protect your rights we monitor and record calls. You won’t be able to fill out the application form over the phone.

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

It simply gives you peace of mind

Guaranteed payments

When do we payout?

Get a quote

Quote Details

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: