Pioneer’s new product called Bills and Things has been designed to cover all essential payments such as an individual's mortgage, their utilities bills, council tax or even food.
Cover is available for either one or two years and limits can rise in increments of £100 from £500 to £1,000 per month. There is no financial underwriting.
It will have a full launch in June after pilots with selected intermediaries.
Income protection insurance: News update: 28/04/2009