The recent tremendous growth of Cirencester Friendly Society means that they are having to uproot and move to a larger site in the Cotswold town of Cirencester – their first move in over 90 years.
This is due to the success of Cirencester's income protection product, Income Assured, launched in October 1999. API Sales in 2000 were £662,800 and in 2001 they more than doubled to £1,322,000.
Cirencester Friendly Society Limited is a single product provider specialising in Holloway-style income protection. This offers the ability to protect up to 60% of earnings, cover for every day of the year, level benefit, inflation proofing option, day one cover or a choice of deferred periods, a choice of retirement ages, rehabilitation benefit for partial return to work, proportionate benefit for return to lower paid work, a tax-free cash sum at retirement (under current legislation), entry from 16 up to 60, and housepersons cover.
It also offers a penalty-free career break option, terminal illness benefit, and accident protection option for deferred periods.