Paymentshield has launched a payment protection insurance, IncomeShield, which protects any financial outgoings.
The general insurance specialist says the new product can be sold as a standalone product or in conjunction with other insurance and protection products and is easier to promote than Payment Protection Insurance (PPI). Covering outgoings of up to £2,000 per month subject to a maximum of 65% of income, IncomeShield provides cover for up to 24 months (AS cover) or 12 months (ASU or U cover). The product is age-banded. Clients can opt for full ASU, AS only or U only cover. Additional features provided are HELP (Health, Employment & Legal Protector) cover and back to work support with A...
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