Payment protection policy launched

The new policy allows customers to insure any combination of mortgage payments,

rental payments and/or loan payments as well as offering the option of different waiting, excess and benefit periods when selecting combined unemployment and disability cover.

The policy can also be used as stand alone mortgage payment protection, stand alone rental protection or stand alone loan payment protection as required.

Although there are now a much wider range of benefits and features, premium rates are exactly the same as the existing 3XD mortgage payment protection policy and

commission levels remain at 30% of the monthly premium (excluding IPT) payable for the life of the policy.

The new flexible payment protection insurance product is available on 3XD’s on line

quotation system with immediate effect.