British Insurance has launched a new mortgage payment protection insurance product with 30, 60 or 90 day excess periods, in addition to its existing back to day one offering. Assurant Solutions has designed and underwritten the product and will be handling the claims and administration.
The product is aimed at people that have some savings that could tide them through a period of one to three months if they were without an income.
Those confused by the seemingly never ending stream of new products may be helped by understanding that the company uses a multitude of website names, and rarely gives products a name. So every product amendment or tweak comes out as a new product launch.
Income protection: News update: August 2007