Life insurance

What is life insurance?

Life Insurance could provide a cash lump sum if you die, helping to ensure your loved ones aren’t left in financial difficulty. It could pay off the mortgage as well as any outstanding loans or bills. This could give you protection and peace of mind, in case the unexpected happens.

To be eligible for Life Insurance you needs to be a UK resident, 18 or over, and under 60.

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Did you know?

You can choose the amount that gets paid out when a claim is made, up to £500,000. Your loved ones could use the money to pay off the mortgage or to keep up with bills and living costs.

Find out how much cover might be right for you.

Calculate my cover

Types of life insurance

Find out more about what kind of cover is right for you and your loved ones.

Level cover

Level cover means that the cash pay-out stays the same until your policy ends.

So you and your loved ones will always know how much cover you'll have in case the unexpected happens.  It can be used to cover mortgage as well as other expenses.

Decreasing cover

Decreasing cover means that the cash pay-out goes down each month until your policy ends.

Decreasing cover is usually a cheaper kind of cover. It's often used to protect a repayment mortgage.

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Let our experts take care of it

Our life insurance is arranged by Scottish Widows. They are a part of Lloyds Banking Group, like us. Scottish Widows are our life insurance experts, and they have been protecting what matters most for over 200 years.

Scottish Widows are:

  • Reliable - Scottish Widows paid out 98% of claims in 2020. That’s £206m in total.
  • Experienced - Scottish Widows has been protecting customers for over 200 years. So you’re in safe hands.
  • Supportive - Scottish Widows works closely with partners like Macmillan. They help make sure our customers get the right help, at the right time. 
Scottish Widows paid 98% of claims in 2020

How much cover do I need?

We’ll help you work out how much cover could be right for you.

Calculate my cover

What’s the right time to get life insurance?

The big changes in life can give you a good chance to think about how you can protect yourself and your loved ones from the unexpected.

Changing jobs

If your income changes, you might want to think how this could affect the cover you and your loved ones would need.

Having children

When you have a child, getting cover could make sure that they'll be protected if anything happens to you.

Getting a mortgage

If something happens to you, your cover could pay out a cash lump sum to help your loved ones pay off the mortgage.

Getting married

This can be a good time to think about how cover could help to protect your partner in case of the unexpected.

Planning your funeral

We don't like to think about it, but funerals can be expensive. Your cover could help your loved ones with these costs.

Being a carer

There might be others who rely on you or your income. Your cover could protect them too.

Get a quote today

Bank of Scotland customers can log onto Internet Banking and get a quote in a few steps.

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Bank of Scotland plc is registered in Scotland No.SC327000.Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.