Scottish Widows is to re-enter the adviser protection market with a range of life and critical illness plans using the ‘Protect' name, PA's sister title COVER understands.
The 'Protect' range is separate from the 'Protection For Life' range currently on offer through Lloyds Banking Group outlets. COVER understands the range will go live this week. The product range includes level, reducing and increasing term life, stand-alone critical illness and life with critical illness as well as a relevant life plan. Scottish Widows is also offering a whole of life plan without a terminal illness option. There is a minimum £100,000 sum assured with a maximum of £3m. Scottish Widows also told COVER that the maximum sum assured for life cover is £25m. Max...
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