The majority of mortgage intermediaries offer payment protection policies from more than one provider, according to the last census from the Association of Mortgage Intermediaries.
The survey of AMI members reveals 74% offer policies from more than one provider, with 32% offering policies from two to three providers, 14% from four to five, 2% from six to 10, 5% from over 10 but still a limited panel, and 20% from whole of market. It also reveals that of those who do not offer PPI policies, 36% offer alternatives such as income protection instead, while 26% say the product is “poor value”. A further 74% of respondents offer permanent health insurance/income protection, 87% offer critical illness cover and 37% offer private health insurance. When choosing a partic...
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