Pioneer Friendly has made a number of tweaks to its Pure Protection contract. The changes include o...
Pioneer Friendly has made a number of tweaks to its Pure Protection contract.
The changes include own occupation throughout a claim; long-term career break; war-only exclusion; rates guaranteed for three years and maximum benefit unlimited subject to 65% of taxable income.
Pioneer's chief executive, Andy Chapman, said it decided to make these improvements to make it easier for intermediaries to sell the cover. "We understand the crucial role of expert financial advice in the income protection sales process. These enhancements highlight our commitment to making our Pure Protection policy easier for brokers to sell, while ensuring that our products are simpler and more transparent for both new and existing customers," he added.
There will be no added cost incurred.
