Products
Contact Us

email: mibcreditor
   tel: 0844 412 4248

Payment Protection Insurance

We believe that our payment protection proposition is the simply the best in the intermediary market place.

  • Only 23% of mortgages are covered by MPPI. The Government wishes to significantly increase this, supporting MPPI as essential for consumers to promote sustainable home ownership.
  • Claims of £300 million are being paid every year to borrowers in financial difficulty, with over 85% of claims being paid: source CML.
  • FSA Report 2006 – "we are seeing signs of growing distress amongst consumers, more late payments of credit cards and a rise in mortgage repossessions".

Ensure your client's Mortgage/Loan repayments and other household bills get paid even when they don’t !

A choice of two superb policies offering a wide choice of cover options to suit all your client’s protection needs.

Millennium Payment Protection Millennium MultiGaurdian
Accident, Sickness, and Involuntary Unemployment Yes Yes
Accident & Sickness only Yes Yes
Involuntary Unemployment only Yes Yes
Level Term Life Assurance up to 60 times the Monthly benefit (max £100,000) Yes
12 months Unemployment benefit Yes Yes
24 months Disability benefit Yes
“Back to Day One” Unemployment claims benefits Yes Yes
Choice of deferred or waiting periods 30, 60 or 90 days Yes
Up to 100% additional household bills cover Yes Yes
Free “Back to Work” Assistance Yes Yes
Joint cover split to suit client’s needs Yes Yes
Legal Protection Employment & Contract disputes
with 24 hr free Legal and Tax help-lines
£50,000
Annual renewable policies paid by monthly direct debit Yes Yes