A bespoke mortgage payment protection insurance product has been launched by Paymentshield . The new MortgageProtector product will enable advisers to tailor the product to their clients’ individual needs, said the insurance provider .
There will be optional levels of cover allowing consumers to protect a monthly benefit of up to £3000, subject to a maximum of 75 per cent of their gross monthly income. Also, homeowners can cover up to an extra third of their monthly mortgage payment and related insurance costs, which will help protect other household expenses.
Chris Traynor, sales and marketing director of Paymentshield, said the industry still faces a battle in highlighting the advantages of mortgage protection . He commented: "Protecting your home is probably the next most important priority after protecting your family. Yet mortgage payment protection insurance cover continues to be a low priority for many people. This is probably because they do not understand it and due to the unfortunate associations with loans and credit card PPI ."
Paymentshield launches new MPPI cover
Financial Services > Income lnsurance > News
Paymentshield launches new MPPI cover
Thu, 01 May 2008
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