New income protection plan unveiled by Pioneer
Mon, 26 Oct 2009
After a successful trial, Pioneer has officially launched its income protection (IP) policy which is called Bills and Things.

The policy is a short-term IP plan that is specifically designed to help claimants pay regular bills such as mortgage, council tax and utility bills when they are not able to work as a result of injury or illness .

Richard Wyatt-Haynes, Sales and Marketing Director at Pioneer, said: "Bills and Things is a simple, easy to understand and affordable policy with no financial underwriting . At Pioneer we believe this simplified policy and our easier and faster processing will help intermediaries sell more of this valuable commitment cover."

Premiums will start from £9.99 a month for £500 of cover, up to a limit of £1,000 with a maximum claim period of one or two years and the consumer will not have to prove their income which, says the firm, will open up a big segment of the market.
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