Widows and ScotEq consider guaranteed CI

Steven Crosby, product development manager at Scottish Equitable Protect, says going into the guaranteed CI sector is “something the firm has been considering for a while” as the life office opted to stay out of the market during May 2003, when demand for products increased and new providers entered the arena. “It is just a possibility at this stage because all of the discussion points which discouraged us from entering earlier are still valid. There is an inevitability about the current product as guaranteed rates are still going to be a luxury item in the future and expensive to buy. T...