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In addition, IFAs can now write policies in trust online for their clients, which was a facility under-used across the UK market.
Having achieved a five-star rating from Defaqto, key elements of Friends Life Protect+ include:
Income Protection: Guaranteed benefit of £15,600 a year; unique therapy and trauma benefit; hospitalization benefit with no exclusions; innovative approach to waiver of premium to aid the claims process.
Critical Illness Cover: 14 ABI+ conditions that go above and beyond standard industry practice, including cancer, heart attack, stroke and multiple sclerosis; 8 partial benefit conditions paid in addition to the main benefit; child cover, including congenital conditions; advance payment up to £25,000 for heart surgery paid to the customer.
Life Cover: Optional features aimed at giving the customer maximum flexibility; family income benefit option.
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Steve Payne, Managing Director–Protection of Friends Life said that they recognized the importance of building strong relationships with advisers and that this was a fundamental part of their new offering to the IFA market.
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