Scottish Widows Insurance provides honest and un-biased advice about live insurance. Applying for life cover with Scottish Widows gives an access to over 300 life insurance plans from 13 of top UK’s insurers.
Scottish Widows Insurance offers two main types of cover:
Decreasing Term Life Insurance
Scottish Widows offers a plan specifically to protect a repayment mortgage. At the end of the life insurance term cash lump sum is paid to cover the outstanding balance of the mortgage. This type of policy provided by Scottish Widows has decreasing payment structure, which means that your monthly payments are decreasing in lines with your mortgage payments.
Level Term Life Insurance
This type of life insurance differentiates from above one by the fact that monthly payments remain the same for the whole period of life insurance term. Upon accidental death cash is paid to a policy beneficiary.