Friends Life – Life Insurance

Life Insurance Overview

Friends Life offer a flexible range of term cover options including level term, decreasing, renewable, mortgage and a family income benefit.

In addition to the standard life cover available, they also provide you with access to Best Doctors, allowing you the opportunity to get advice from the experts.

Furthermore, the life cover plan provided by Friends Life provides you with access to Bupa’s Healthline, 24 hours a day, 7 days a week. A comprehensive life cover plan that provides you with the flexibility to tailor the plan to your specific circumstances.

• Friends Life paid out 99% of Life Insurance claims in 2014.
• Life cover with Friends Life automatically includes access to Best Doctors and Bupa HealthLine 24/7.
• Critical Illness cover is available as an additional extra covering over 35 serious illnesses with further partial and accelerated payments for certain conditions.
• A fracture cover option is available, offering cover for fractures as specified in Friends Life terms and conditions.

Friends Life Policy Conditions

An overview of the key policy details of Friends Life Insurance proposition.

Drewberry reviews Friends Life – Life Insurance…

In addition to paying out a lump sum, Life cover with Friends Life can also offer an annual family income benefit during the cover term. This can help to replace lost future income on the event of your death or diagnosis of a terminal illness.

Terminal illness is also included in the life cover plan, which will provide you with a payment if you are diagnosed with a terminal illness with a life expectancy of no more than 12 months.

Friends Life also offer life cover with critical illness, which can help protect your family from financial hardship if they fall ill or protect your dependents should you pass away.

Under their critical illness option, Friends Life include a comprehensive list of 51 conditions and operations with a wide a variety of additional services – including access to free health information and support through the Bupa HealthLine plus access to Best Doctors.

Friends Life Insurance – Questions and Answers

A series of commonly asked questions with regards to the policy coverage of the Friends Life term assurance policies.

Q. I have a mortgage, which cover term option would work best for me with this Friends Life policy?

A. Friends Life offer a little extra help for anyone with a mortage. In addition to their decreasing term cover option, they also offer a mortgage protection term option. This works in a similar way to the decreasing term but protects you with a guarantee that it will cover the mortgage on the event of your death or diagnosis of a terminal illness

Q. We are considering a joint life insurance cover, what happens after the first death payout with Friends Life?

A. The lump sum payout will be provided after the first death. In most cases this will then lead to expiry of the policy.

However, Friends Life do offer a replacement option for the second life on the policy under the life cover and a reinstatement option for critical illness. If the cover is a joint cover and one person has already made a claim or has died, the other person covered can take out a new cover. In this case the maximum cover would match the previous policy. The replacement option is only available to anyone under 50 ears old. The previous coverage term also must still have more than five years remaining.

In regards to critical illness cover, the reinstatement option provides limited cover to the remaining person on the policy. The reinstated critical illness cover will only include 15 conditions.