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Scottish Provident
nrawlins
Posts: 9 Forumite
Hi,
I've never heard of Scottish Provident before, are they a good Life Insurer and reliable at paying out is it a company I should avoid?
They do seem reasonably priced after offer a critical illness cover of a lot lower amount compared to others that only offer critical illness of the full amount which makes their quotes lower.
Any advice would be great.
Thanks!
I've never heard of Scottish Provident before, are they a good Life Insurer and reliable at paying out is it a company I should avoid?
They do seem reasonably priced after offer a critical illness cover of a lot lower amount compared to others that only offer critical illness of the full amount which makes their quotes lower.
Any advice would be great.
Thanks!
0
Comments
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I've never heard of Scottish Provident before
Been around donkey's years. Well known insurer.Any advice would be great.
Board is not authorised to give advice and those of us that are in real life cannot do so without breaching FSA rules. So, anything here is just comment and discussion only.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.0 -
Life Assurance With Profits have not added any bonuses for the last TEN YEARS, apart from pretty low Terminal Bonus payments.0
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Life Assurance With Profits have not added any bonuses for the last TEN YEARS, apart from pretty low Terminal Bonus payments.
They haven't been sold for over a decade either. So, the OP hasnt got to worry themselves about legacy issues. Also, moving the returns away from the annual bonus to terminal bonus has been a common trend and largely a result of the financial solvency requirements which see many of these funds run with financial solvency being the driver and not trying to get decent returns.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.0 -
TBH, if you used endowment performance as a reason not to use protection providers, I don't think we'd have anyone we could do business with...Life Assurance With Profits have not added any bonuses for the last TEN YEARS, apart from pretty low Terminal Bonus payments.
L&G
Aegon
Scot Prov/Bright Grey (Royal London)
Friends Life
Aviva
Liverpool Vic
and so on...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »TBH, if you used endowment performance as a reason not to use protection providers, I don't think we'd have anyone we could do business with...
Just in my own case, paying for a mortgage was the reason I took out a policy with Scot Prov.0
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