Paymentshield has appointed Covéa Insurance to provide the cover for two of its leading protection products.

Covéa Insurance has already taken over as the insurer of Paymentshield’s MortgageProtector product and from 3 October will become the chosen insurer to cover IncomeShield too.

Paymentshield policyholders are eligible for a monthly benefit of up to £2,000 for income insurance and £3,000 for mortgage payment insurance. They can receive payments over 12 or 24 months and there’s an option with MortgageProtector to delay paying premiums for three or even six months.

Both products also include back to work support, legal advice and carer cover, with MortgageProtector also offering the option to include cover for other costs such as utility bills, council tax and home insurance.

With the continued uncertainty that ‘Brexit’ has brought, it makes it more important than ever to stress the importance of protecting income and mortgage payments to clients, to help them guard against this risk.

For more information, visit www.paymentshield.co.uk or contact a dedicated Account Manager on 08450 615 700.