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.

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

Hope Capital targets refurb market with high-LTV bridging product

Hope Capital has launched a new bridging loan product offering 75% net initial advance. It...

Savvy summer sellers deliver strongest July sales since 2020

July delivered the highest number of sales agreed for this month since 2020 as...

Newcastle for Intermediaries removes age cap on standard repayment mortgages

Newcastle for Intermediaries has abolished the maximum age limit for the repayment of standard...

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Latest publication

Latest opinions

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Other news

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Hope Capital targets refurb market with high-LTV bridging product

Hope Capital has launched a new bridging loan product offering 75% net initial advance. It...

Savvy summer sellers deliver strongest July sales since 2020

July delivered the highest number of sales agreed for this month since 2020 as...