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Four new conditions covered
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Three definitions enhanced to ABI+
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Removal of restrictions on terminal illness payment
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Increase in payment on Ulcerative Colitis from partial to full
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New condition added for children
Friends Life today announces the enhancement of coverage on a number of its critical illness (CI) policies. Changes include coverage on new conditions, enhanced ABI+ definitions and the removal of restrictions on pay-outs linked to terminal illnesses.
New conditions
From today, customers will benefit from the addition of four new conditions to the Protect+ offering. The new conditions covered are Sudden Cardiac Arrest, Pituitary Tumour, Cerebral Arteriovenous Malformation and Cerebral Aneurysm. A new condition, Childs Hydrocephalus, has also been added for children.
Sudden Cardiac Arrest will be eligible for a full payment up to 100% of the sum assured whilst the other conditions will be eligible for partial payment.
In addition, Ulcerative Colitis has been enhanced from a partial to a full payment.
Definitions enhanced
Three conditions have also been enhanced to ABI+. These are: Major Organ Transplant, Blindness and TPD. This brings the total number of ABI+ conditions to 17.
Terminal illness payment
Conditions related to terminal illness payments have been improved and payments will now be paid in cases where a terminal illness is diagnosed within 12 months of the end date of the policy.
Friends Life Protect+ was launched in October 2011 and delivers high-quality protection products to customers through strong relationships with independent advisers. The comprehensive offering across income protection, critical illness, life and business protection is provided alongside a range of flexible support services.Steve Casey, Head of Marketing and Intermediary Proposition Development at Friends Life says:
"Today’s changes serve to enhance the flexibility and the quality of Friends Life’s critical illness offering.
"Protect+ is designed to provide a powerful proposition to independent financial advisers looking for innovative and comprehensive solutions for their customers. Since its launch in October of last year, it has proved to be an extremely popular offering within the intermediated market and we are pleased to be able to further improve that offering today."
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