The new 5 Star Defaqto rated product, provided by FirstAssist, offers 3 age bands. It’s features are numerous, some of which are in direct response to market reaction such as the withdrawal of Unemployment only cover and are very customer orientated to include full Accident, Sickness and Unemployment (ASU) cover, Accident and Sickness (AS), or Involuntary Unemployment (IU) only. S&P’s MPPI will now be able to be sold either alongside a mortgage or standalone, a major demand in the marketplace with a choice of Back to Day 1, 30, 60 or 90 day excess, cover for the self employed with no occupational restrictions, a level of cover up to £2500 and no restriction on income.
Bruce Reid, managing director of Select & Protect, commented, “Our new MPPI product adds a wider scope to the features and benefits available from MPPI products currently in the market, giving customers a valuable multi-dimensional mortgage support package beyond just a financial sum in the event of accident, sickness or unemployment. We feel our MPPI product will do all of this through the more holistic approach to the level, breadth and price of provision, which better meets the customer’s needs and gives our brokers a product they can have confidence in recommending to meet those needs.”
