Compare Scottish Widows Life Insurance
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About Scottish Widows
Scottish Widows Fund and Life Assurance Society opened in 1815 in what is now Chambers Street, as Scotland's first mutual life office. The formation of the society had been discussed from March 1812 with the purpose of providing for widows, sisters and other female relatives of fund holders so that they would not be plunged into poverty on the death of the fund holder during and after Napoleonic wars.
Founded in 1815 in Edinburgh, its most famous early customer was Sir Walter Scott who took out a policy in 1824. Scottish Widows used this fact in advertising to promote their products during the 1990s.
One of Scottish Widows main call centres is based in Edinburgh, close by to the University of Edinburgh's Pollock Halls of Residence on Dalkeith Road. Scottish Widows demutualised and became part of the Lloyds Banking Group on 3 March 2000.
Scottish Widows Investment Partnership is fully owned by Scottish Widows Plc and Lloyds Banking Group Plc. It is not only one on the largest and respected fund management houses in the UK but also in Europe. It manages broad range of assets covering global equities, real estate, corporate bonds and government bonds, to name but a few. At 31/12/2007 assets under management were in the region of 100 billion GBP.
*Figures are indications of savings only and based on a £100,000 life insurance policy for a female aged 30, non smoker and without a pre-existing medical condition. The rate is based on a 25 year level term policy, sourced on a guaranteed basis. Correct as at September 2017.