4

Multi Benefit Pricing

One of the main reasons people don’t take out critical illness cover is cost. Our multi-benefit pricing means that if you produce a quote for a client with multiple benefits, a reduction in price will automatically be included. As we don’t have a plan or policy fee, this is applied across all benefits in the quotation.

Multi-benefit pricing means you can give your clients better value, making it easier for you to recommend a menu-based plan that includes our Critical Illness Cover.

Other advantages of Multi-Benefit quotations


  • A clearer quote to share with your clients
  • Easier to tailor the quote to meet clients’ needs
  • Clearer, simpler evidence for compliance purposes
  • You can meet your clients’ needs by recommending a menu-based plan.

Cover can cost less than people think


With people more likely to suffer a critical illness than die before the age of 65, not having critical illness cover in place could prove to be costly for your clients. Having some critical illness cover is often better than none at all.

The cost of £25k critical illness cover, for a man aged 35 is £9.72 a month, when you compare this to what people spend monthly on TV packages, insuring pets and cars or even what they spend on takeaway coffees, or eating out, it doesn’t seem quite so expensive.

Sign up to our Financial Adviser email newsletter to keep up to date with industry news and insight

Register

This site is intended for UK authorised & regulated financial advisers only. It is not intended for onward transmission to retail customers & should not be relied upon by any other person. If you are not an adviser please return to our consumer site.

Important Information about Scottish Widows | Read about how we use cookies

Information within this site is intended for UK authorised and regulated financial advisers only. It is not intended for onward transmission to retail customers and should not be relied upon by any other person. If you are not an adviser please return to our consumer site.

Scottish Widows is not responsible for the content of third party websites. Separate terms apply to the use of third party websites and Scottish Widows does not warrant the accuracy, reliability, availability or otherwise of these sites.

By using this site you agree to our terms & conditions of use. Please read our copyright, companies, legal and privacy information. We may record and monitor calls to help us improve our service.

Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

Halifax Financial Services is a trading name of Scottish Widows Limited. Scottish Widows Limited is registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Bank plc, registered in Scotland no. 154554. Registered office in the United Kingdom at PO Box 12757, 67 Morrison Street, Edinburgh EH3 8YJ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 201601.

-->