Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Shepherds Friendly Joins The Right DA Club Protection Panel
The Right DA Club has added Shepherds Friendly to its protection panel. The move gives the club's member firms access to Shepherds Friendly's income protection proposition.
What the Proposition Offers
Shepherds Friendly's income protection proposition offers clients cover of up to 70% of their income if they are unable to work due to illness or injury. It provides a monthly benefit to help clients meet their regular financial commitments while they cannot earn.
Scope for a Range of Medical Histories
The proposition gives advisers scope to support clients with a range of medical histories. Shepherds Friendly can consider conditions including diabetes, anxiety, depression, high blood pressure, raised BMI and back pain through its fully-underwritten product, subject to individual circumstances and underwriting.
What It Means for Member Firms
According to the report, the addition gives The Right DA Club's member firms another option for clients whose health, income and protection requirements may differ considerably. It also adds further choice to the club's existing protection panel.
For letting agents and inventory clerks, the development reflects the continued breadth of protection options being made available through adviser networks and panels. It is relevant background when discussing tenants' and landlords' financial resilience, particularly where income protection is concerned.
Source: Mortgage Strategy