Friends Life enhances IP quotation platform

Improvements mean that advisers can now quickly generate their client’s maximum benefit by entering their gross annual salary and any other income, alongside their annualised net sick pay figure.

The upgrade also allows advisers to clearly see how much income benefit their clients are eligible for while they receive sick pay, as well as when these payments cease, enabling them to utilise the flexibility of the Protect+ product more confidently to tailor benefit level and its start date in line with the client’s employee benefits.

The improvement follows benefit enhancements to Friends Life’s Protect+ Income Protection proposition announced earlier this month, including improved guaranteed benefits up to £1,500 a month, improved therapy benefit up to £200 a year, and a new professional development guaranteed insurability option for customers who receive significant pay increases.

Louise Colley, Managing Director of Protection at Aviva, said:

“Making the process of applying for protection easier and clearer for both advisers and their clients is one of Aviva’s key steps towards improving the level of protection in the UK. These enhancements to the benefit calculator will make offering high quality protection cover through Protect+ a much more straight-forward and positive experience for advisers.”