MortgageProtector
Underwritten by Aviva Insurance Limited, MortgageProtector is our MPPI product designed for new mortgage and re-mortgage customers (those whose mortgage agreement has been in force for 30 days or less).
MPPI you can sell with confidence
The cover benefits available include:
- A monthly benefit of up to £3,000, subject to a maximum of 75% of your customer's gross monthly income
- A choice of up to 12 or 24 months benefit period
- The option to defer the first 3 months or 6 months premium payments
- Up to an additional 33% of your customer's monthly mortgage payment and related insurance costs, helping to protect their other household expenses
- A choice of qualification periods up to 180 days
- The ability to select different qualification periods for Accident and Sickness and Unemployment
- Cover for customers who have taken advantage of Government and Local Authority Shared Homeowners & Homebuy Schemes
- Carer Cover - If your customer is recognised as a carer for an immediate family member and they have to stop work to look after them, they are still entitled to claim under their policy. This means they can support their family whilst also protecting their mortgage payments.
Back to Work Support
With Unemployment cover, your customers are entitled to our free Back to Work Support. This is a confidential service designed to provide advice and assistance and provides:
- A self help guide
- Telephone advice providing access to a specialist employment counsellor
- Confidential advice and ongoing support with seeking work, career changes, state benefits, CV preparing tips and help with interview preparation
Health, Employment & Legal Protector (HELP) Cover
Underwritten by DAS Legal Expenses Insurance Company Limited, HELP provides legal advice and representation if your customer has a legal dispute in relation to employment or bodily injury disputes.
HELP provides legal expenses cover up to £50,000 for the negotiation or defence of your customer's legal rights in respect of:
- Employment disputes
- Bodily Injury disputes
It also provides confidential 24-hour helpline services for free Legal Advice, Health and Medical information and counselling.
Quotes and applications for MortgageProtector are available via Inertia, our award winning quotation software.
If you require any further help or information please call our Broker Support Team on:
T: 0845 0615 100
E: brokers@paymentshield.co.uk
Lines are open:
8.00am - 7.00pm, Monday to Friday
8.00am - 1.00pm, Saturday
This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.