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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Payment protection policy launched
3XD has launched a multi-functional payment protection product provided by Brit Insurance.
The new policy allows customers to insure any combination of mortgage payments,
rental payments and/or loan payments as well as offering the option of different waiting, excess and benefit periods when selecting combined unemployment and disability cover.
The policy can also be used as stand alone mortgage payment protection, stand alone rental protection or stand alone loan payment protection as required.
Although there are now a much wider range of benefits and features, premium rates are exactly the same as the existing 3XD mortgage payment protection policy and
commission levels remain at 30% of the monthly premium (excluding IPT) payable for the life of the policy.
The new flexible payment protection insurance product is available on 3XD’s on line
quotation system with immediate effect.
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