Product launch: Assurant claims point of sale first
Assurant Solutions has launched accident, sickness and unemployment products (ASU) to be underwritten at the point of sale.
Assurant said that the products promised to be the antidote to the problems that have "plagued" payment protection insurance in recent years. Home Protector provides cover specifically for mortgage or rent payments, while Income Protector is a short term income protection policy that allows consumers to protect a percentage of their income. It explained that because policies were now underwritten at the point of sale, the premium and the cover was based on a policyholder's individual risk
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