"It is more important than ever, that customers know they can speak to their mortgage & insurance brokers about ASU, and the network is dedicated to providing that support to their members."
- Amy Wilson, Head of General Insurance at The Right Mortgage & Protection Network
Shane Craig, managing director of Paymentcare Limited believes that “with such uncertainty in terms of the economy and cost of living,” ASU provides an “essential life line” for those who find themselves without a regular monthly salary through no fault of their own.
However, throughout the Pandemic, The Right Mortgage and Protection Network has found it difficult to provide adequate cover for customers wishing to take out ASU.
Hence, the relaunch of The Right Mortgage & Protection Network partnered with Paymentcare has left Craig “delighted.”
Amy Wilson, Head of General Insurance at The Right Mortgage & Protection Network has said:
“Advisers should seize the opportunity to re-educate their clients about ASU as this type of policy still has a very worthy place within the protection conversation.
“We have worked hard to mitigate the risk of exposure to a miss-selling complaint: by providing a suitable panel for our advisers to use as well as a robust sale process and supporting compliance documents.”
The Right Mortgage & Protection Network has built new full advice and compliance processes supporting advisers to sell ASU without potential PPI fears.
Michael Alston, director of Compare 365 Ltd and appointed representative of The Right Mortgage Ltd, adds:
“Existing pre-pandemic policies, which can be up to 40% more expensive compared to new policies, can be transferred to give clients a lower monthly premium with continuous cover.”
