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Friends updates protection plan by adding features

Friends Provident has enhanced its protection range to keep pace with market and medical developments.

The select protection plan, launched in March will be bolstered with new features. Friends says this is the only first of added features that IFAs can expect from the range.

The plan sees the addition of unemployment cover and pension contribution protection benefit to the multi-benefits menu available. Critical-illness cover has been improved, with three illnesses added, variant CJD, HIV/Aids, if acquired through assault, and progressive supra nuclear palsy, a disease similar to Parkinson&#39s.

The survival period on the critical-illness-only benefit has been reduced from 28 days to 14 days, age restrictions and definitions have been removed on some of the illnesses covered and up to three children can be covered up to a maximum benefit of £20,000 per child.

Waiver of premium benefit has been altered so it remains active for the full term of the plan, which Friends says is in keeping with market trends.

Communications manager Jim Murdoch says: “It is important we keep up to date with what is happening. It was always our intention to update the plan. These changes will give IFAs the product they need.”

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