Friends First offers income protection product

Friends First has introduced a new reviewable income protection product in addition to its existing guaranteed product which …

Friends First has introduced a new reviewable income protection product in addition to its existing guaranteed product which is based on a set premium amount and level of cover which is guaranteed never to change.

By contrast, the new product offers reduced rates to customers based on an option that allows the company to review the premium amount and level of cover after the first 10 years of the policy and every five years after that.

Friends First believes income protection is often overlooked as a health insurance product although recent findings by the firm show 72 per cent of claims paid by the company would not be covered by a critical illness policy.