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Pioneer FS enhances income protection contract

Pioneer Friendly Society has announced it is enhancing the flexibility of its income protection range by allowing policyholders to choose a retirement age anytime between 50 and 65.

Previously, the friendly society only offered a contract until the age of 60. The change means those who want a policy running until the age of 60 will have cheaper premiums while someone wanting a policy running until 65 will pay slightly higher.

This means a male aged 50 with a contract until the age of 60 would pay monthly premiums of £47.82 and for a contract until the age of 65 the premiums would increase to £49.85 a month.

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