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Friends Provident cuts the cost of life cover

Friends Provident is making reductions in its term assurance rates of up to 15 per cent on products it sells exclusively through IFAs.

New rates will apply to level term, decreasing term assurance and life cover in its Select Protection Plan.

This means, for example, a female aged 30 non-smoker with a 25 year £150,000 level term coverage will pay a monthly premium reduced to £7.96 from £9.39.

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