What Insure launches MPPI product
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What Insure has launched a Mortgage Payment Protection Insurance product.
Clients can select from three levels of cover and select the preferred waiting periods from 30-120 days and level of benefit required up to a maximum of 125% of their mortgage payment or £1,500 per month. Benefits are paid for up to a maximum of 12 months.
The three levels of cover are:
- Accident, sickness or hospitalisation
- Unemployment and carer
- Accident, sickness, hospitalisation, unemployment and carer
Neil Harkin of What Insure, says: “The product which is specifically designed to provide cover for monthly mortgage payments should clients become unable to work due to the usual unemployment, accident sickness or hospitalization also offers cover in the circumstances where a client has to become a carer for a partner or family member which means they can no longer work.
“This works in the same way as What Insures’ Income Protection Insurance product that we launched last month.”
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