Scottish Widows

Britain is heading for a 'crisis' in long term care (LTC) as the subject becomes an increasingly important issue over the next five years, Scottish Widows fears.

Just 7% of private tenants have any financial protection cover, compared with 28% of those with a mortgage, according to Scottish Widows.

Scottish Widows has reported that it paid out 99% of life and 90% of critical illness claims through its bancassurance channel during 2013.

As technology becomes increasingly important, Owain Thomas examines how platforms can support the employee benefits.

Scottish Widows has denied expectations that October 2014 is the set date for return to protection markets, although it said it was still ‘on track' for re-entry in late 2014 to early 3015.

Aviva and Legal and General are among the six insurers that have agreed to collectively invest £25bn in UK infrastructure over the next five years.

More than half of companies (55%) would fail if they lost one or more key people to illness, incapacity or death, yet just one in five companies have protection, according to Scottish Widows.

The first modern day critical illness policy was launched in South Africa thirty years ago, developed by heart surgeon Dr Marius Barnard.

Scottish Widows has published details of its life and critical illness (CI) claims with an average of nearly £4 million paid out every week during 2012.

Scottish Widows has increased its commitment to returning to the intermediary market by appointing a new head of intermediary protection propositions.