British Friendly launches Bereavement Benefit

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British Friendly launches Bereavement Benefit

British Friendly has added Bereavement Benefits to its discretionary Mutual Benefits programme, which is core to its income protection proposition.

The new benefit will be provided for all new and existing insured members at no extra cost. Bereavement Benefit is a discretionary benefit designed to provide a lump sum to members who suffer the loss of their spouse, partner or child. The amount payable will be a lump sum equal to thirteen times the member's weekly Income Protection benefit with a minimum payment of £1,000. Bearing in mind that an estimated seven out of ten newly widowed parents are not financially stable after 18 months*,...

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