Mortgage Protection Insurance

[aaclapham]

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I have banners for car, home, pet, life, travel....... etc etc

I got an email asking if I do Mortgage Protection Insurance.

Not sure if I do

[essdeekay]

Depends what they mean by mortgage protection insurance really!

MPPI - also known as ASU (Accident, Sickness and Unemployment) - pays a monthly figure, usually for upto 12 months to cover mortgage costs - I guess this would be the one they might mean

CIC - critical illness cover - pays lump sum or regular payment if diagnosed with critical illness.

term cover - life insurance for a fixed term - can be level, increasing, level or decreasing - decreasing term is often known as mortgage life cover.

HTH

Simon (IFA)

[mortgage co]

Hi,

We are a nationwide mortgage company, we offer MPPI to clients, this is a regulated product which can be sold on a monthly premium or a single premium, we receive payment in one lump and are able to offer good commision rates to affiliates. If you require any further information give us a call on 01245 290700.

Peter Parsons
One Trust Mortgages Ltd

[marky]

mortgage co : what rate do you pay and how long does this last for please ?

aaclapham : I do know of a good mppi provider that also offers asu if one trust not what you need. It is an independant scheme, will get details to you later if you interested.

[mortgage co]

Hi,



Our commission rate for MPPI is 45% of the net premium. On monthly premium business we receive 12 months commission upfront in the month following the first direct debit collection.

We pay away 40% of the commission. If the client cancels the policy within the 12 months then claw back will take place pro rata.

Am interested how you affect your enquiries as this is a regulated product and promotion and the sale of the policy has to be done by a qualifed adviser, also what sorts of volume you are looking at.

Any questions on this then please give me a call or respond to this message.

Many thanks.

Peter