Enhanced Income Protection cover for your clients

We’re delighted to announce a range of enhancements to our full Income Protection product range, which include even more flexible, inclusive and tailored solutions for your clients.

Here’s how we’ve enhanced our Income Protection cover:

All products

Short Term Protect, Long Term Protect, Breathing Space

New

  • 26 and 52 week deferred periods help tailor cover to your clients’ needs and budget (previously only available on Long Term Protect)
  • Additional salary and rent Guaranteed Insurability Options (GIOs) allow your clients to increase their cover without the need for further underwriting
  • Our Mortgage Payment Option is now included in our policy Terms and Conditions and enables your clients’ claim benefit payments to be paid directly to their mortgage lender to avoid any impact on clients who are claiming Universal Credit
  • Our new Occupation Promise means your clients no longer need to let us know if they change their occupation after their policy has started

 

Enhanced

  • GP and residency criteria has been reduced to 2 years to provide more flexibility for your clients who have previously lived outside of the UK and want to apply for Income Protection cover
  • Improved indexation flexibility allows your clients to pause RPI increases up to 3 times during the term of their policy
  • Our waiver of premium will now automatically start once your client’s claim has been accepted
  • Your clients will now have the option to receive their claims benefit payments either monthly or weekly

 

Changes specific to Breathing Space only

New

  • Full range of Guaranteed Insurability Options (GIOs) allow your clients to increase their cover without the need for further underwriting for specific events including marriage or civil partnership, birth or adoption, new or increased mortgage payments, increased rent payments or a rise in salary for employed clients
  • Back to Work Support Payments provide additional help to your clients transitioning back to work after making a claim and supporting clients who return to work in a reduced capacity or take up a new lower paid occupation

 

Enhanced

  • Policy end age increased to 70 helping tailor cover to your clients’ retirement plans
  • Maximum entry age increased to 64 helping your clients secure cover at later stages in their working life

 

These changes are effective from 10am on the 12th November and apply to new business quotations and applications submitted from this date.

Get in touch

If you have any questions or to register an agency, feel free to get in touch with us via e-mail at sales@britishfriendly.com  or give us a call on 01234 358344.

Get a quote

If you’re interested in getting a quote click here.