British Friendly introduces income protection plan via IFAs
Fri, 11 Mar 2011
British Friendly has announced it is launching an income protection (IP) plan which will be available to intermediaries .

Previously, the society only offered its IP products to its members. The British Friendly Income Protection plan will provide own occupation cover throughout the life of the policy, even for those occupations considered to represent a higher risk. It offers long-term cover to a retirement age of 70, as well as short term "budget" cover which has a one, two and five-year option.

The product also features no premium loadings for occupation, gender or smoking, maximum cover up to 70 per cent of gross annual income and day one cover or short deferred periods available.

"We think that there is an opportunity to increase choice and diversity for consumers, particular in the self-employed and class three and four workers market," said Mark Myers, chief executive of British Friendly. "We want to work alongside other mutuals and bring some more quality to the market."
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