Access Keys



Scottish Widows Protect: Business Protection

  1. Overview
  2. Cover options
  3. Scottish Widows Care
  4. How to claim

Business protection cover options

Life Cover

A Life Cover policy can pay out a cash lump sum or a monthly income if the life assured dies or they are diagnosed with a terminal illness during the term of the policy.

  • Terminal illness cover is included in the policy at no extra cost
  • Free Accidental Death Cover may be available for the life assured while the application is being processed
  • Choose from level, increasing or decreasing cover
  • If you are the owner and the life assured on the policy, you can choose to include Premium Protection for an additional cost. This means that we will pay your premiums if you have a valid claim, for instance, if you become sick or have an accident that results in you being unable to work for 26 weeks or more
  • A five year Renewable Cover option is available.

Life with Critical Illness Cover

A Life with Critical Illness Cover policy can pay out a cash lump sum or a monthly income if the life assured dies or they are diagnosed with a specified critical illness, or a terminal illness during the term of the policy.

  • 49 critical illness conditions covered
  • Free Accidental Death Cover for the life assured may be available while the application is being processed
  • Terminal Illness Cover is included in the policy at no extra cost
  • Choose from level, increasing or decreasing cover
  • If you are the owner and the life assured on the policy, you can choose to include Premium Protection for an additional cost. This means that we will pay your premiums if, you have a valid claim, for instance if you become sick or have an accident that results in you being unable to work for 26 weeks or more
  • A five year Renewable Cover option is available.

Critical Illness Cover

A Critical Illness Cover policy can pay out a cash lump sum or a monthly income if the life assured is diagnosed with a specified critical illness during the term of the policy.

  • 49 critical illness conditions covered
  • Choose from level, increasing or decreasing cover
  • If you are the owner and the life assured on the policy, you can choose to include Premium Protection for an additional cost. This means that we will pay your premiums if, you have a valid claim, for instance, if you become sick or have an accident that results in you being unable to work for 26 weeks or more
  • A five year Renewable Cover option is available.

Relevant Life Cover

A Relevant Life Cover policy is a tax efficient way for employers to give individual death-in-service benefits to employees outside of a registered group life scheme. It can pay out a cash lump sum if the employee dies, or is diagnosed with a terminal illness during the term of the policy.

  • You can write up to 25 individual policies under one plan
  • Portability – cover can move with the employee without the need for further underwriting
  • Terminal Illness Cover is included in the policy at no extra cost
  • Free Accidental Death Cover may be available to employees while the application is being processed
  • Choose from level or increasing cover.

Further details can be found in the Business Protection key features document and the Relevant Life Cover key features document.

If you need more information about protection or you would like to take out a Scottish Widows Protect plan, please speak to your financial adviser.