Scottish Friendly Life Insurance Review
This article was last updated:
Our experts review costs, policy features, and customer feedback on Scottish Friendly's range of Life Insurance policies.
This article was last updated:
Our experts review costs, policy features, and customer feedback on Scottish Friendly's range of Life Insurance policies.
Glasgow-based Scottish Friendly is a life insurance company that offers a wide range of products and services to its 750.000+ members.
Find out if Scottish Friendly made it into the Top 10 Life Insurance Providers for 2023.
In this guide:
Scottish Friendly is a mutual life, pensions and investment company based in Glasgow, Scotland. The company was founded in 1862 as the City of Glasgow Friendly Society, and changed its name to Scottish Friendly Assurance Society in 1992. It demutualised and became a public limited company in 2006. The company offers a range of life assurance, investment and pension products, and has around 776,000 members. It is the largest mutual life assurance society in Scotland, and the fifth largest in the UK. Scottish Friendly is a member of the Association of British Insurers (ABI) and the Life Assurance Council.
Scottish Friendly offers several life insurance policies in the UK, including whole life insurance, term life insurance, and critical illness cover. Whole life insurance provides coverage for the policyholder's entire life, while term life insurance provides coverage for a set period of time. Critical illness cover pays out a lump sum if the policyholder is diagnosed with a specified critical illness.
Life Insurance from Scottish Friendly costs £9 per month for UK customers aged 18-45, £14 per month for UK customers aged 46-60, and £19 per month for UK customers aged 61-75.
Overall, customers are happy with the cover provided by Scottish Friendly's Life Insurance policies. They feel that the policies are good value for money, and that the company is easy to deal with. There have been a few complaints about the length of time it takes to process claims, but on the whole customers are satisfied with the service they have received.
The main advantage of Scottish Friendly's UK Life Insurance policies is that they offer a high level of cover at a very competitive price. They also have a wide range of policy options, so you should be able to find one that suits your needs. The main disadvantage is that they are not available to everyone, as they are only available to UK residents.
According to our records, Scottish Friendly paid out 92% of all life insurance claims in the last year.
I was so relieved when I bought my life insurance policy from Scottish Friendly. I know that if anything happens to me, my family will be taken care of financially. I would highly recommend their products and services to anyone who is looking for peace of mind.
Life insurance can be a tax deductible business expense in certain cases. For example, if the life insurance policy is taken out on a key employee, the premiums can be deducted as a business expense. Additionally, if the life insurance policy is used as collateral for a business loan, the
Our experts review costs, policy features, and customer feedback on LV='s range of Life Insurance policies.
Get the low-down on Royal London's life insurance policies, from prices to customer feedback to claims.
Copyright © 2023 itsforlife.co.uk