Image:
Vincent O'Connor, senior business development manager, Royal London
That far more life and CI cover is taken out by mortgage applicants compared to IP is a 'strange paradox'
Could it be possible that the protection industry might have made a mistake? What I'm talking about is the phrase ‘mortgage protection'. When you say the words ‘mortgage protection' what protection insurance do you instinctively think of? You're probably thinking of life cover? Critical illness cover? Or perhaps decreasing term assurance? These are all insurance products that provide a lump sum to repay the mortgage in full should one of the mortgagors die or suffer a critical illness during...
To continue reading this article...
Join Cover
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Exclusive access to our fortnightly Protection insight mini-podcast.
- Be the first to hear about our CPD accredited events and awards programmes.
