Option to receive an early payment of death benefit and bereavement benefit around diagnosis of terminal illness
Income protection mutual British Friendly has added terminal illness benefit (TIB) to its mutual benefits offering. With TIB, British Friendly members will have the option to receive an early payment of death benefit or bereavement benefit lump sum payment if they or their partner, spouse or child is diagnosed with a terminal illness. Available to new and existing members at no extra cost, the lump sum payment will equate to 26 weeks of income protection benefit for members who are diagnosed...
65% of first £60,000
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A fixed pay-out of £2,500