Mortgage Next offers 30 per cent lifetime commission on new MPPI product

  • Story by: Sharon Flaherty
  • Magazine: FTAdviser
  • Published Friday , May 16, 2008

Mortgage Next is launching a new mortgage payment protection insurance (MPPI) product which guarantees to pay 30 per cent commission for the life of the policies.

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The new product is available directly to authorised brokers and is provided by Uinsure and underwritten by Norwich Union.

The MPPI product includes the ability to choose from accident, sickness, unemployment and carer cover with the choice of 30 and 60 day waiting period with payments for up to 12 months.

Cover can be arranged immediately online and products can be tailored to meet clients’ specific requirements.

Full product details and commission terms are available on the insurance section of the Mortgage Next website at: www.mortgagenext.co.uk.

Gemma Harle, managing director at Mortgage Next, said: "The policies on offer from Uinsure not only represent excellent value for money for clients, but also excellent value for brokers as they guarantee to pay an annual 30 per cent commission for the life of the policy.

"At a time when mortgage proc fees are under pressure, the type of scheme on offer from Uinsure has to be seen as a welcome development."