British Friendly signs up to PDG's 'Funeral Payment Pledge'

clock • 2 min read

British Friendly has signed up to the Protection Distributor Group's (PDG) funeral payment pledge and paid its first claim under the benefit.

  Earlier this year, British Friendly added Bereavement Benefit to its Mutual Benefits programme.  The benefit provides a lump sum to members who suffer the loss of their spouse, partner or child and is provided to all new and existing insured members at no extra cost. 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. On the day Bereavement Benefit launched, British Friendly received an enquiry from an adviser whose client's wife had died the previous week following a long battle with can...

To continue reading this article...

Join COVER for free

  • 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 Whole of Life

How lifetime gifts can undermine taper relief and estate planning

How lifetime gifts can undermine taper relief and estate planning

The hidden IHT trap

Tony Müdd and Charlotte Toogood
clock 25 June 2025 • 5 min read
The race for life: scale vs margin

The race for life: scale vs margin

Protection needs its ‘Monzo moment’

Alain Desmier
clock 28 February 2025 • 4 min read
How to resuscitate the life market

How to resuscitate the life market

Focus on customer outcomes

Rory Yates
clock 19 November 2024 • 4 min read