Mortgage Next launches new MPPI product

Wed, 28 May 2008

Mortgage Next will be launching a new mortgage payment protection insurance (MPPI) product which promises to pay 30 per cent commission for the life of the policies.

The new product, which is provided by Unisure and underwritten by Norwich Union, will be directly available to authorised brokers .

The MPPI product will include accident, sickness, unemployment and carer cover with the choice of 30 and 60 day waiting period with payments for up to 12 months. It will be possible to arrange the cover immediately online and clients will be able to adapt the products to meet their specific requirements.

Gemma Harle, managing director at Mortgage Next, said: "The policies on offer from Uinsure not only represent excellent value for money for clients, but also excellent value for brokers as they guarantee to pay an annual 30 per cent commission for the life of the policy. She also said that at a time when mortgage procuration fees were under pressure, the type of scheme on offer from Unisure was seen as a welcome development.
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