Other insurers withdrawing short-term deferred options left the mutual feeling ‘very exposed’
From 5pm tonight (30 March), British Friendly will no longer offer income protection (IP) policies with a day one or week one deferred period. The move follows its decision to apply a coronavirus exclusion to anyone applying after 13 March. Anyone who has applied today or before will be able to proceed with the deferred period they selected and the decision will be under regular review, it said. British Friendly added that while these options have been removed from its application system,...
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