Friends Provident cuts term rates

Friends Provident has cut its level term assurance rates on policies bought by male non-smokers and joint life non-smokers. Assured policies for a male aged 30 on their next birthday, assured for the sum of £150,000 on a 25-year term, would pay a monthly premium of £11.67 instead of the previous rate was £12.74. For males and females aged 40 on their next birthday, both non-smokers with a 20-year term assured for £60,000, the new monthly premium is £15.08, down 77p from £15.85 Managing director Ben Gunn said: "These new rates are some of the most competitive on the market and prov...