British Friendly adds benefit reduction option

From 1 July

Adam Saville
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British Friendly adds benefit reduction option

Option for members to reduce their benefit level for up to three months in light of financial challenges

After three months, cover for British Friendly members opting for the new benefit reduction option will revert for to the original benefit amount without any underwriting required. The move is an extension of the mutual's relaxation of its premium holiday (career break) option introduced in March in light of the financial challenges posed by the Covid-19 crisis. Members who have paid at least three month's premiums will be able to qualify for the new benefit reduction allowance. This ha...

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