Paymentshield has appointed Covéa Insurance to provide cover for its leading income protection product.
Covéa - a specialist in commercial, motor, high net worth, property and protection insurance - has become the new underwriter for IncomeShield, previously underwritten by Cardif Pinacle.
Paymentshield policyholders are eligible for a monthly benefit of up to £2,000 (max. 65% of gross monthly income) if they are unable to work due to accident, sickness or unemployment.
Depending on the cover chosen they can receive payments over 12 or 24 months with the option to defer the first two months premium payments and isn't tied to a mortgage, loan or any other credit agreement.
Covéa also became the underwriter for MortgageProtector earlier in the year; a protection product designed for new mortgage borrowers.
Want to discuss either of our protection products? Book a callback and your Business Development Manager will call you on a date and time convenient to you.