Creditor Protection

Mortgage Payment Protection

Our Mortgage Payment Protection product is designed to ease the financial burden of monthly mortgage repayments in the event the homeowner is unable to work due to accident, sickness, disability or involuntary unemployment. It can provide reassurance and can help to safeguard a very important asset from the threat of repossession during difficult times. The level of cover can be tailored to suit your customers’ needs, with additional benefits available to cover mortgage related expenses and provide extra reassurance. No medical underwriting is required.

CLIENT BENEFITS

Meets market demand

Current economic conditions and low market penetration indicate a major growth opportunity for our product.

Saves you money

Mortgage Payment Protection may reduce the additional back office administration involved when a mortgage goes into arrears. Furthermore, it can help to avoid the need for short term funding, benefiting your long-term cash flow.

CUSTOMER BENEFITS

Major Asset protection

Property is often a customer’s biggest investment as well as being their home. Providing security for that asset is critical, especially in times of financial instability. Our Mortgage Payment Protection provides your customers with reassurance that even at the most difficult times their ongoing mortgage payments are secure and protected.

Additional cover

Our policy is flexible and can be designed to match customers’ personal circumstances. Your customers can even choose to extend the cover by up to 25% to include bills such as home insurance and life cover.

To contact the team at Genworth please click here