Scottish Friendly, one of the UK's leading friendly societies, has been helping
its customers to invest since 1862. When you start putting money away in a Scottish Friendly investment plan or buy life cover,
you automatically become a member (or owner) of the friendly society. As a friendly society there are no shareholders. All
the profit made is used for your benefit.
Scottish Friendly’s
Over 50’s Guaranteed Protection Plan provides guaranteed life assurance for anyone aged over 50. It helps you take care
of what's important so you can get on with enjoying life.
The
plan is designed to offer affordable cover from as little as £8 per month. It pays your family a guaranteed fixed cash
sum on your death, providing peace of mind for the future. And Scottish Friendly guarantee you’re accepted, because
they don’t ask any medical questions.
You will have life
cover for as long as you continue to pay your premiums. Full life insurance begins after your second year. If you die of natural
causes during the first 2 years, Scottish Friendly will return your premiums in full. However, if you die of accidental causes
during this time, Scottish Friendly will pay out your life insurance in full.
When you reach the age of 85, you no longer have to pay premiums, but your level of life insurance cover will
remain the same. This also means that depending on how long you live, the total premiums paid in may be more than the amount
payable on death. If you stop paying before you’re the age of 85, the cover will stop and the plan has no cash-in value.
When you choose the amount of life cover, you should bear in mind that over time inflation will reduce the buying power of
the cash sum payable on death.
Scottish Friendly will send you a Free £25 M&S gift voucher or a £25 High Street voucher
after you have started a new over 50 life insurance plan from them online.
