British Friendly launches Bereavement Benefit

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*, this pay out could allow them to take some time away from work or contribute towards the cos...