Scottish Widows is a long standing provider in of life insurance and critical illness.

Quality protection, but as always, not all critical illness protections are the same covering different conditions and paying at different severities. Therefore picking the correct protection for the landscape is key to financial stability should the worst happen. Ie if family have a strong theme around a specific conditions lets protect that!

The critical illness team at Scottish Widows have stated that £6.8 Billion was paid in claims 2021 (meeting the ABI definitions) Scottish widows paying some £207.9m, over 10,426 claims in 2021. The critical illness plan’s from Scottish widows had a 93% claim successful pay out rate.

There key understanding of critical illness vs age make interesting reading with an Age 31-50 = 40% of critical Illness Claims – scary for the parents at a key time of life right?

Age       % of claims

Child      3.7% 

21-30     2.0% 

31-40     11.2% 

41-50     28.8% 

51-60     42.5% 

61+        11.9%

Great critical illness protection from Scottish Widows. Golden Rock Solutions gives free advice on if this is the best for you and your family. What would be the costs? what the applications process would be like (Doctors report? Medical?) or if other critical illness protection may be stronger. Get in touch for more information 

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