Nationwide enters short term IP market
Nationwide has become the latest provider to launch a short term income protection (IP) product as an alternative to payment protection insurance (PPI).
The move followed Aviva's commitment to the creditor market with the release of its short-term IP product in March.
Short-term IP has been heralded by experts as the product of choice to replace PPI. The latter has been plagued by the mis-selling scandal that led to the Competition Commission's ban last year on selling it at the point of sale of credit.
Nationwide claimed that its Lifestyle Protector, underwritten by Pinnacle Insurance, provided a monthly income benefit which can be used to
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