Can I transfer my policy to someone else?

In general, transferring a policy from one person to another is not a standard practice with most insurance providers, including Scottish Provident. Typically, insurance policies are designed to be personal agreements between the policyholder and the insurance company. When a policyholder wishes to transfer their policy, it often requires specific conditions to be met. For example, the new policyholder may need to undergo a new underwriting process or meet certain eligibility criteria. However, there are situations in which a policy can be assigned or transferred to a beneficiary, particularly in the case of a death benefit or in certain financial arrangements. It is important to consider the type of policy involved, as different products may have different rules regarding transferability. For detailed guidance and options that may be available in specific circumstances, individuals are encouraged to consult the policy documents or visit the Scottish Provident website for further information. It is essential to verify the terms and conditions that apply to a particular policy.