British Friendly launches Care Assistance Benefit

clock • 2 min read

British Friendly has launched Care Assistance Benefit for members whose partner or child requires full time care.

The income protection provider will pay a flat amount of £125 a week in Care Assistance Benefit when the partner or child (up to age 18) of a member needs full-time care of 35 hours or more a week for a continuous period of four weeks. It is a discretionary benefit for both new and existing members and is the second inclusive benefit British Friendly has launched this year following the addition of a six-month Death Benefit in March 2016.  When a claim is paid, it will be backdated to Day 1 and paid for maximum of 26 weeks over the life of the policy. At no point is state benefit a...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Stuart Tragheim steps down as Holloway Friendly chief executive

Stuart Tragheim steps down as Holloway Friendly chief executive

Tragheim will move to a portfolio career

Jaskeet Briah
clock 14 February 2024 • 1 min read
AIG Life revamps access to income protection

AIG Life revamps access to income protection

Insurer also adds new features

Cameron Roberts
clock 29 January 2024 • 3 min read
IPTF adds six new members for 2024

IPTF adds six new members for 2024

Total membership hits 26

Jaskeet Briah
clock 23 January 2024 • 1 min read