Scottish Widows is also offering customers who are having difficulty paying premiums the option to defer payments for up to 90 days.
Cover continues during the 90 day period, although payments continue to build.
Article continues after advert
According to Scottish Widows, customers receive reminder letters and can call the provider to arrange how to pay the outstanding amount before the end of the 90 days or before their policy comes to an end.
chloe.cheung@ft.com
What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know.
Page 2 of 2
