Scottish Widows re-enters adviser market with protection platform

clock • 1 min read

Scottish Widows has today (7th October) launched its long-anticipated protection proposition to the adviser market.

Scottish Widows Protect is currently available through launch partners Tenet and LifeSearch, and will be rolled out more widely in the coming months.

The products include life cover, life with critical illness cover, critical illness, whole of life cover and relevant life cover

Esther Dijkstra, head of intermediary protection propositions for Scottish Widows, said: "Scottish Widows Protect gives the intermediary market instant access to our protection products through our bespoke online platform."

In recent years Scottish Widows had distributed its protection products through Lloyds Banking Group following its exit from the adviser market in 2007.

In 2012, Scottish Widows told COVER it was seriously considering a return to the adviser market.  

In November 2014, the insurer confirmed it was cutting standalone protection advice through Lloyds branches.  

Shortly afterwards, it was confirmed that the insurer would launch an online protection proposition. 

With the new launch, Scottish Widows has partnered with RedArc, an independent support service, to provide practical advice and emotional support to people suffering the effects of serious illness, disability, trauma or bereavement.

The Scottish Widows Protect training programme developed by Scottish Widows for its own business development managers has been formally recognised and CPD accredited by the Chartered Insurance Institute.

Further reading 

CIExpert: The verdict on Scottish Widow's imminent adviser market return

Scottish Widows chief executive exits

More on Critical Illness

LifeSearch partners with armed forces specialist

LifeSearch partners with armed forces specialist

Providing products for veterans

Cameron Roberts
clock 14 May 2024 • 1 min read
CIC knowledge gap widening: Vitality

CIC knowledge gap widening: Vitality

Nearly half of those covered not aware of claim conditions

Cameron Roberts
clock 27 March 2024 • 1 min read
Half of CIC policyholders unaware of claimable conditions: Vitality

Half of CIC policyholders unaware of claimable conditions: Vitality

Lack of awareness around Crohn’s diagnosis payout

Jaskeet Briah
clock 07 March 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read