Friends Provident has extended its group income protection products to cover staff up to the age of 70.
The extended cover is available on new and existing schemes. In new schemes, it will be permitted on a discretionary basis even if employers do not initially choose to cover staff past the age of 65. Cover will be subject to medical underwriting and priced as a single premium for the term requested.
The extra cover under existing schemes will be subject to a rate review. Staff covered must be actively at work before their normal retirement date and must not have taken more than seven days off sick in the last six months.