A vote was put to Police Mutual’s member representatives – Force Authorised Officers (FAOs) – asking them to approve the transaction. The FAOs represent Police Mutual members in all police forces across the country.
Simon Stanney at SunLife has warned that homeowners must make sure they are covered for new purchases under their contents policy.
Research showed that more than two-thirds (67%) expected to see business return to usual within three months of the end of the current crisis.
The annual cost of the policy will then be spread over the remaining nine months.
Paterson is well known in the industry and was formerly managing director of Source Insurance.
Members can cover tests such as X-rays, ECGs and pathology in full, while reserving a limited out-patient benefit for specialist consultations.
The add on product range had been withdrawn at the end of March.
Ian Teague, UK managing director at iPipeline, said: “We are delighted that The Right Mortgage & Protection Network is the first UK distribution network to adopt AlphaTrust e-Sign.
The awards were voted for by Paradigm’s directly authorised member firms each month and the results collated over the course of their 2019/20 financial year to decide the winners.
The mutual insurer paid out 91% of its Income Protection (IP) claims with an average claim amount of £3,920.