Clients purchasing a MPPI policy in conjunction with a new or re-Mortgage from the 4th April 2011 will see an average 15% reduction in accident sickness and unemployment and a 5% reduction in accident and sickness pricing.
Product coverage and commission terms made available to brokers will be unaffected.
Simon Taylor, Uinsure CEO, said: “Over the last year, as unemployment levels have risen sales of MPPI have increased significantly. This has been driven by financial advisers making their clients aware that having mortgage protection at this time of economic uncertainty can bring welcome peace of mind.
“IFA’s can offer a comprehensive protection product with a range of options on an annual contract basis from as little as £3.96 per hundred pounds of cover. We will continue to work with our insurers to provide market leading products that will allow brokers to develop a significant income stream from General Insurance business.”
David Swann, Jubilee senior case underwriter, added: “We are delighted to continue to develop competitively priced quality products in partnership with Uinsure. As the Government’s cutbacks begin to take effect, the value of this type of protection is as high as ever.”
Uinsure continue to offer MPPI protection for clients with an existing mortgage and accident sickness and unemployment cover for those without a mortgage via its Bill Protector product.