The Right Mortgage & Protection Network relaunch their ASU product

The Right Mortgage & Protection Network have recently relaunched their new look ASU proposition following the pandemic. As part of this proposition, they have introduced Paymentcare onto their panel.

Shane Craig, Managing Director of Paymentcare Limited said: “With such uncertainty in terms of the economy and cost of living, ASU can provide an essential life line should someone find themselves without their regular monthly salary through no fault of their own. We are delighted that TRM have access to our policies; to offer to their clients.”

Throughout the pandemic it has been difficult to provide cover for our customers wishing to take out ASU, however, we strongly feel it still has a position in the marketplace.

Amy Wilson, Head of General Insurance at The Right Mortgage & Protection Network 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 have built a new full advice and compliance processes supporting advises to sell ASU to dispel any potential PPI fears that advises may have from the PPI scandal.

Director of Compare 365 Ltd, and Appointed Representative of The Right Mortgage Ltd, Michael Alston, 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.”

Amy Wilson adds: “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.”