Scottish Provident?

Hi,

are these a reputable company for life assurance/insurance?

thanks.

Comments

  • dunstonh
    dunstonh Posts: 119,380 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    For life assurance they often come out relatively well priced. A bit prone to underquote at quote stage and then increase after underwriting. Usually down to occupation more and minor health issues.

    They are no longer owned by Abbey but the Vulture, sorry venture capital company Resolution Life. Resolution have picked up many of the failed insurance companies over the last few years so the Scot Prov brand may not last much longer.

    That said, its only term assurance which and not part of the failed investment/pension business.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Sneaker
    Sneaker Posts: 465 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks, for an extra £1 or £ there alos was Synergy and Legal & General? Any preferences please?
  • synergy is a very different plan and premiums will rise over the term. Legal & General and Scot Prov are both reputable insurers
    I am a director of Torquil Clark Life Insurance (formerly Life Policies Direct), a specialist protection broker. Posts on this forum do not constitute or imply advice and are for discussion purposes only containing generic information. If you need individual guidance please seek advice from a suitably qualified, registered and authorised financial adviser
  • sheryldoc
    sheryldoc Posts: 576 Forumite
    i worked for scot Prov when they were under Abbey and they were one of the best.. cant speak for now.. but they were very good then.
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