Commitments Protection is releasing an ASU contract entitled You Decide.
The contract is being released prior to General Insurance Day in January and will help with regulatory problems.
Ben Fish, managing director of Commitments, says: “We are mindful of the need for all general insurance products to be ‘fit for purpose’ and ‘best advice’.
“This contract enables brokers to select a deferment period to match their client’s employment contract notice period and sickness benefit period rather than utilise the standard cover.”
You Decide also allows brokers to select either the selling rate or commission rate for the policy.
The product is available from January 1 2005.