BREAKING NEWS

It is in uncertain times when people need insurance the most. That's why at Paymentshield, we're delighted to be back offering standalone Mortgage Payment Protection Insurance (MPPI) to existing mortgage borrowers, at a time when other providers have left, or are leaving, this market.

Our new MPPI product, MortgageProtector Solo, is underwritten by Pinnacle Insurance plc, one of the leading specialist suppliers in the creditor market. This competitive accident, sickness and unemployment cover has been designed to support customers who have an existing mortgage agreement. So now you can offer protection to all your existing mortgage clients!

Why is Mortgage Payment Protection more important than ever?
Times are difficult and the effects are already being felt in terms of increasing unemployment. The future could bring even more uncertainty for your clients. One of their biggest fears is likely to be the thought of losing their home through defaulting on their mortgage payments:

• Between January and March 2009, redundancy levels reached 286,000, the highest figure since comparable records began in 1995.₁
• The total number for unemployment rose by 244,000 over the first quarter of 2009 to reach 2.22 million. ₁
• The number of homes repossessed in the UK rose by 54% last year to 40,000.₂

Why choose MortgageProtector Solo?
MortgageProtector Solo has been designed so you can offer existing mortgage borrowers the protection they need during these tough times.

• Your existing mortgage clients can have the security of full accident, sickness and unemployment cover
• Monthly benefit of up to £1,500, subject to a maximum of 65% of gross monthly income
• Option of up to 33% additional cover of clients' monthly mortgage payments
• Choice of qualification periods up to 180 days, with the option to select different qualification periods for accident and sickness, and for unemployment
• 24-hour health and medical, counselling and legal helplines
• Back to Work support for unemployment cover included
• Commission levels that remain competitive and rewarding to intermediaries
• Underwritten by a leading specialist supplier within the UK creditor market, Pinnacle Insurance plc.

We provide value for money
Paymentshield are committed to providing our customers with comprehensive cover to suit individual circumstances. Monthly premium rates start from £1.67 per £100 benefit insured for accident & sickness cover, £4.52 per £100 benefit insured for accident, sickness & unemployment cover.₃ Plus, MortgageProtector Solo premiums are fixed until 2010.

We are sure you will agree with us that being able to offer a sensibly priced, standalone MPPI product at this time is critically important to you and your clients.

Increase your MPPI sales
The current economic downturn gives intermediaries a great opportunity to contact your existing mortgage customers to talk about their protection needs. For help contacting your existing customers, please access our enhanced broker toolkit online at www.paymentshield.co.uk/toolkit. Our toolkit contains a MortgageProtector Solo letter and email template to help you to inform your existing mortgage customers about this great new cover.

Intermediaries - Get a Quote or Apply Online Now!
It's quick and easy to either get a quote or apply for MortgageProtector Solo. Plus there's no need to fill in paper applications, nor chase customers for their signature. Simply click on the link below: this will take you through to our web based solution which will guide you through the process.

And don't just take it from us, Karl Walsh of Churchtown Financial said:
"Having heard about your new product, MortgageProtector Solo, from my BDM I was keen to quote for clients with existing mortgages who had previously been unable to get cover. I'm pleased to say that the quote/application process was quick and easy, the price competitive, and my first case was booked the next day. I look forward to providing many more of my clients with this protection in the future."

Make sure all your clients are protected

1 National Statistics, Labour Market 'Unemployment rate rises to 7.1%', 29 May 2009.
2 Repossession up 54% - www.bbc.co.uk, 24 February 2009.
3 Please note: premium rates shown are inclusive of Insurance Premium Tax but do not include £1.50 monthly administration charge (subject to IPT).

This page is solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority. Paymentshield and the Shield logo are registered trademarks of Paymentshield Limited (registered number 02728936) which is a company registered in England and Wales at Paymentshield House, Southport Business Park, Wight Moss Way, Southport, PR8 4HQ. Authorised and regulated by the Financial Services Authority. Telephone calls to Paymentshield may be recorded for security purposes and monitored under our quality control procedures. © Paymentshield Limited 2009. 0077 (05/09).