General insurance provider, Paymentshield, has made a range of updates to its protection offering, including the reintroduction of unemployment cover as part of its mortgage and protection policy.
The product, which sits alongside its accident and sickness cover, aims to cover a customer's mortgage payment and associated insurance premiums for up to 24 months if they are unable to work due to accident, sickness and unemployment, or if they need to become a carer. Customers will have the option to increase their monthly benefit by up to an additional 33% to cover other financial commitments, such as utility bills or credit card payments, with a maximum benefit of £3,000 or 75% of gross income per month. Elsewhere, Paymentshield has migrated its current mortgage protection and in...
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