Scottish Friendly life insurance review

Scottish Friendly are a Glasgow based, financial services group who offer a large range of financial products, including savings and investment products, as well as ISAs and OEICs.

With a variety of online ratings from both experts and customers (via Defaqto, Trustpilot and Fairer Finance), they are rated between 1 and 4 stars out of 5 for their life insurance.

Scottish Friendly only offer one life cover product; over 50s life insurance. This is a type of policy that guarantees acceptance if you’re aged between 50 - 74.

But is Scottish Friendly the right insurer for you?

Read this in-depth review to find out. We unpick all you need to know about Scottish Friendly over 50s life insurance and if they offer a suitable policy for your needs.

Please note, Reassured do not sell Scottish Friendly life insurance but can offer a large variety of other polices from leading UK insurers, such as SunLife and One Family.

Reassured offer a fee-free, no-obligation, personalised quote service.

By reading customer and expert reviews for life insurance products, you can gain a reliable understanding of customer experience and if the insurer is as good as they claim.

According to expert rating service, Defaqto, Scottish Friendly do not provide the best service or life insurance policies on the market.

However, customer reviews provided on Trustpilot (for all Scottish Friendly products) are more positive. Additionally, Fairer Finance provides a thorough review and high score.

Below is a table showing each reviewing forum and the star rating (out of 5) for Scottish Friendly:

At Reassured, we’re rated ‘Excellent’ on Trustpilot from more than 75,000 customer reviews.

Scottish Friendly advertise their life insurance starting from 23p-a-day (or £7 a month).

However, the price of your policy will be determined by your smoking status and what your pay out amount is.

The pricing comparison between if you smoke or not, typically makes a substantial difference to the premiums you pay.

The table below shows example premium prices for a non-smoker requiring a pay out of £4,000, for an over 50s life insurance policy, bought directly through Scottish Friendly:

The table below shows example premium prices for a smoker requiring a pay out of £4,000, for an over 50s life insurance policy, bought directly through Scottish Friendly:

Pricing correct as of 05/01/24

Over 50s life cover through reassured starts from £5 a month. We can compare prices from different top insurers to help you find our best deal.

If you buy an over 50s policy with Scottish Friendly you may be eligible for their free £100 gift card.

Many insurers offer a ‘free’ incentive for new customers purchasing a financial product. This is to entice potential customers into securing cover with them.

Reassured have written a full guide to free gifts with over 50s life insurance amongst leading insurers.

When securing life insurance through Scottish Friendly directly (not through a broker or agent) and you are a new customer, you may receive a £100 gift card after 6 monthly payments. The voucher can then be spent at a variety of UK shops.

Correct as of 05/01/24 - no specified end date to this deal

[1] https:///www.sunlife.co.uk/funeral-costs/