British Friendly reinstates IP deferral periods

As of today (7 September), British Friendly has reinstated Day 1 cover for Long Term Protect and Week 1 for Long Term and Short-Term Income Protection, alongside its Breathing Space product. The mutual society stated the move is in response to adviser and consumer demand, and will provide advisers to provide more options to their customers that have little or no sick pay arrangements and require financial provision to pay out sooner. In line with market practice, an exclusion will apply to Day 1 and Week 1 policies for any illness or disability caused directly or indirectly by Covid-1...