Monday, February 04, 2008

A debt management protection policy, paid for by the adviser for the customer, has been launched by Paymentcare.

The cover is aimed at debt management companies looking to protect their client’s ability to continue to make payments to creditors should they lose their income through illness or unemployment.

The company says that the ultimate success of debt management plans can be greatly increased with the protection of a guarantee policy.

Managing director Shane Craig explains: “By backing up clients’ ability to maintain the terms of their debt management plans with an affordable insurance policy, debt management companies are much more likely to see plans reach the desired conclusion and maintain levels of business.”

Premiums are £3.50 per £100 of monthly repayment required by the debt management plan.

Source: http://www.mortgagesolutions-online.com/public/showPage.html?page=698335