Assurant Intermediary has launched new Accident Sickness and Unemployment (ASU) products it said are an antidote to problems plaguing payment protection insurance (PPI) in recent years.
The general insurance specialist said the two new products are designed to be sold exclusively on an advised basis through a broker or intermediary. Home Protector provides cover specifically for mortgage or rent payments while Income Protector is a short term income protection policy. Both policies are underwritten at the point of sale, based on the policyholder's individual risk profile, bringing ASU in line with the way in which all other personal lines insurance products are underwritten. Claiming the products as a "first stage in what will be a continual evolution", Nigel Payn...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
