British Friendly announces new income protection plans

The mutual, founded in 1902, will offer ‘own occupation' cover, even for risky occupations. The product offers cover to age 70 or a short term budget cover - with one, two or a rarer five year option. Reduced premiums may be offered if certain exclusions are applied. The insurer noted that, while this is becoming common in the critical illness market, it remains rare in income protection. Mark Myers, CEO of British Friendly, said there would be a "managed" roll out to the networks from the end of March, but the product would be available direct to invited IFAs from March 21. He said: ...