www.britishfriendly.com bespoke : friendly : service This document is intended for use by professional intermediaries only.
Our Underwriting Philosophy BFS Protect provides comprehensive Income Protection. British Friendly offers a bespoke, friendly service, together with a genuine commitment to always delivering high standards. Our underwriting philosophy ensured 97% of all claims were paid through 2012 and, in addition, the range of occupations covered is broadening too. From fashion models to tradesmen, professional comedians and airline pilots, BFS Protect really does offer comprehensive and flexible income protection cover. Furthermore our common sense approach to underwriting, allows us to be flexible with our decisions. Therefore, where possible we will offer the choice of a loading or exclusion, or alter the deferred period, so the client will still get cover. British Friendly has further invigorated the Income Protection market with a consumer friendly product range that is simple to understand and brings high value cover to the market. Their service standards are very high, coupling professionalism with a very helpful attitude. They always aim to solve problems, not create them. Damian O Connor, Principal at Roxburgh Financial Management. : bespoke:
Key Sales Features British Friendly aims to make the sales process as straight-forward as possible. We apply genuine thinking agility to our underwriting and constantly work with advisers to achieve the best possible outcome for the client. BFS Protect provides true own occupation cover throughout, has a straightforward pricing structure and holds a strong claims payment track record. Own occupation throughout no definitions, classes or loadings Day one cover and variety of deferred period options Short term plans available, paying benefit for 1, 2 or 5 years Choice of retirement ages between 50 and 70 Benefit payments paid weekly, directly into your client's bank account Outstanding claims payment track record with 97% of claims paid in 2012 Simplicity - no loadings for occupations, gender or smoking Competitive premiums for manual and riskier occupations Maximum cover of up to 70% of annual taxable income Guaranteed insurability and career break options No standard exclusions, no initial waiting period and no policy fees Cover can be tailored to suit your clients specific needs and budget Perfect for self-employed workers : friendly :
Key Service Benefits We aim to deliver a highly professional standard for the financial adviser and with our personalised service we are able to offer you the support you require. Our dedicated website for financial advisers provides access to both on-line literature and our e-business system. From here you can log into your own secure area, which will detail your quotes, applications, policies and commission. Here are just some of the benefits we offer: Streamlined administration system Quick online illustrations Straight forward online application process Common sense approach to underwriting Competitive commission levels especially for short-term plans, paid weekly No standard underwriting limits for obtaining medical reports British Friendly has a strong claims payment track record with 97% of claims paid in 2012. Rehabilitation and proportionate benefits are also offered together with support during the claims period through our health counselling and advisory service. Established more than 100 years ago, British Friendly is already a strong, resourceful and trusted partner to thousands of people and we continue this enduring commitment with BFS Protect. Make your business outstanding, take a fresh look at British Friendly. Click: www.britishfriendly.com Call: 0800 975 6565 : service:
Long Term & Short Term Cover BFS Protect offers the option of Short Term Income Protection, which provides the same cover as the Long Term plan but with a choice of benefit payment periods of 1, 2 and even 5 years. This can be very useful as it enables you to tailor benefits to your client s specific needs, as well as their budget. BFS Protect offers your client a greater choice and flexibility and the figures below show how it is possible to fit a plan to a client's budget. Example - A 30 year old, would like 1500 monthly cover with a deferred period of 4 weeks and a retirement age of 65. The table below shows the difference in premiums between the long term and short term policies. BFS Protect Policy Long Term 37.80 Short-Term 5 Year 25.50 Short-Term 2 Year 22.50 Short-Term 1 Year 19.50 Initial Premium However, if budget is an issue for your client, just changing the cover or deferred period slightly, can have an impact on premiums: > Long Term BFS Protect Policy 8 Week deferred period with 1500 monthly benefit - monthly premium of 33.15 > Long Term BFS Protect Policy 4 Week deferred period with 1000 monthly benefit - monthly premium 25.20
For more information about BFS Protect please contact us British Friendly Society Ltd No.1 Trevor Street Bedford MK40 2AB Tel: 01234 358344 (mainline) Tel: 0800 975 6565 Fax: 01234 327879 Email: enquiries@britishfriendly.com Website: www.britishfriendly.com Authorised and Regulated by the Financial Services Authority. You can find us on the FSA Register by searching for our name or our registered number: 110013. A member of the Association of Financial Mutuals. The Society is incorporated under the Friendly Societies Act 1992. Registered No. 392F. BFSPPSA 02.13 W