British Friendly is trialling 'Immediate Support Payment' for claims received on income protection policies that have been in force for at least three months.
The friendly society said it will begin payment of the weekly benefit amount at the end of the deferred period, whether the supporting medical evidence has been received or not, "subject to eligibility criteria." British Friendly began trialling their Immediate Support Payment in November 2017 which will run until March 2018 on a discretionary basis. The maximum amount payable is £500, the friendly society said. However if British Friendly finds the claim is invalid, it will reduce...
Income protection decline leaving customers at risk of limited payment policies
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