Friends Life enhances income protection plan

The insurer has also introduced a new 'significant professional development' guaranteed insurability option for those who receive large pay rises. In addition, Friends Life said it had added an improved therapy benefit of up to £200 per year. Friends Life has increased the guaranteed benefit from £1,300, up to £1,500 a month. If a reduction in earnings means the customer's benefit entitlement drops below what they originally insured for, they will be paid the lower of the original sum assured and £1,500 per month. For customers where the maximum benefit is over £1,500 a month, b...