Half death claims made for those under 55


Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed.

It noted that the average age of claimant was 56 and that it paid out almost £42m in benefits to bereaved families. Scottish Provident said the data served as a reminder for adults of all ages to look after their financial responsibilities throughout the whole of their lives. The figures show that nearly one in five claims paid out (18%) were for policyholders aged just 44 or under, with a further third (32%) aged between 45 and 54 years old. In total during 2011 the provider paid out £41,863,503 in life cover claims with the average claim being £84,744. Jennifer Gilchrist, seni...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Term Assurance

IRESS launches 'buy-now' term assurance option for advisers

Via The Exchange

Adam Saville
clock 18 February 2019 • 1 min read

Zurich pays 91% of group income protection claims in 2017

Rehabilitation plays key role

Adam Saville
clock 19 July 2018 • 1 min read

Why the scrapping of L&G's terminal illness exclusion matters

Common sense has finally prevailed

Roger Edwards
clock 17 March 2016 • 3 min read