Friends Life offers free fracture cover

Published on

fracture-brokenarm

Friends Life will now offer customers the option to benefit from free Fracture Cover on new Protect+ policies incorporating cover for critical illness.

The promotion will run for a limited period only, but once a customer’s application has been accepted, the fracture cover will remain in place free of charge throughout the term of the policy.

Fracture Cover pays out a lump sum of up to £2,100 to the customer if they suffer one of a defined list of 18 fractures including comminuted, complicated, compound, depressed, greenstick, pathological and simple. Customers can claim for one fracture per year.

Friends Life paid out £123,000 to 125 customers last year – an average of £984 per claim.

Mark Anders, director of sales and marketing, said: “Fractures are one of the most common serious injuries so it makes sense for us to support our customers for this eventuality.

“Fractures can happen anywhere at any time, with reasons ranging from falls in the shower to sport and traffic accidents, so we are pleased to be giving our customers this valuable cover, free of charge.”

Advisers need to notify customers of the promotion during the application process, as they need to opt in to benefit from the offer of free cover. Applications for free fracture cover will be underwritten as normal.

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Hinckley & Rugby for Intermediaries expands remortgage service with PEXA

Hinckley & Rugby for Intermediaries is expanding its partnership with PEXA and Optima Legal,...

The Cumberland cuts holiday let remortgage fee to £299

The Cumberland for Intermediaries has slashed the remortgage fee on all core holiday let...

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Other news

Hinckley & Rugby for Intermediaries expands remortgage service with PEXA

Hinckley & Rugby for Intermediaries is expanding its partnership with PEXA and Optima Legal,...

The Cumberland cuts holiday let remortgage fee to £299

The Cumberland for Intermediaries has slashed the remortgage fee on all core holiday let...

Why predicting 2025 interest rates feels like a fool’s errand

In my first (and for some reason clearly not my last) article last month,...