Last week, MetLife announced it has changed the terms on MortgageSafe policies for TRM advisers to 190% commission over four years.

MortgageSafe is a unique individual protection policy that can protect your clients’ monthly mortgage repayments. It can provide an affordable option that enables your clients to cover 110% of the value of their repayment up to £1,500 per month. So if your client has an accident or is ill and unable to work – and their sick-pay isn’t enough or they don’t get sick-pay at all – they will have the financial protection they need to make sure they can still afford to pay their mortgage.

Whether your clients are first-time buyers who have just used their life savings on a deposit or are reliant on a single income to pay their mortgage, MortgageSafe could provide the accident and illness cover they really need.

Flexible to a range of situations

MortgageSafe has three cover options. Core Cover is accident-only cover, which could be suitable for those with a more limited protection budget; and it’s completely non-underwritten, so might suit those who have been unable to get cover elsewhere due to a previous health condition.

For those who need protection for both accident and illness, Essential12 and Essential24 can provide cover for either 12- or 24-months – and has minimal underwriting – so medical questions only focus on recent or significant medical conditions.

On top of that, MortgageSafe benefits are paid from the first day a client is signed off work, and has just a four-week deferral period, meaning those who have limited savings or are more reliant on a single income won’t be left out-of-pocket if they’re unable to work.

To find out more about MortgageSafe and how it could help keep a roof over your clients’ heads, visit our website for all the details. Or, to speak to us directly and find out more about this unique policy, call the Protection team on 01273 876111 or visit the MetLife TRM portal pages.