Sales can either be execution-only (non-advised) or advised.
Clarity says more than 30 mortgage brokers have already registered to refer business to them on the deal.
Introducers receive regular case updates, deal with a dedicated account manager and receive 30% of any commissions earned, with no claw-back period.
The protection broker says many mortgage brokers do not write protection business often due to a lack of time or expertise in the market as well as the ongoing risk of losing earned commission if policies are cancelled in the earlier years.
Clarity’s broker to broker proposition offers mortgage intermediaries the opportunity to earn a supplementary income with no claw-back commitment while ensuring their clients receive the protection cover they need.
Mortgage adviser Andrew Mills of Phoenix Property Agents, said: “This is a really quick and easy way to ensure our customers have good access to protection products without taking up any of our time.
"We just introduce them to Clarity who take over the process from there. Once we have been paid, there is no risk of that income being withdrawn in the future, which isn’t usually the case with protection business.”
Nick Aumonier, managing director of Clarity Financial Solutions, said: “We understand that most mortgage borrowing creates a need for protection cover, however we also realise that a large section of the mortgage community does not write protection business.
"We want to make it easier as well as financially rewarding for them to do so, while making sure their clients get the protection cover they need.”
