Walsham Brothers, a specialist provider of mortgage payment protection insurance (MPPI), has joined Paradigm Protect’s panel.
Adviser members of UK protection and general insurance distributor Paradigm Protect, will now have access to Walsham’s MPPI range, designed to cover the cost of a policyholder’s mortgage payment for up to two years in the event of accident, sickness or unemployment.
The partnership comes after Omni Protect was named by Walsham Brothers as its first distribution partner.
Walsham has also gone live with other partnerships in recent weeks: Auxilium – a protection service provider working with directly authorised firms; Next Intelligence – a mortgage and insurance club for intermediaries; and Sense Network – part of the ASHL Group, working with financial planners.
Walsham’s MPPI solutions offer benefits including no medical underwriting, flexible cover and premiums which don’t increase with age, or following valid claims, as well as standalone unemployment cover.
Mike Allison, director of protection at Paradigm Protect, (pictured) said: “Unemployment cover coupled with accident and sickness insurance, helps meet the need of those consumers who have little or no resilience or fall-back position should certain instances befall them. Pre-Covid these products were readily available, but it is only recently they have become affordable enough to build into a bespoke resilience plan alongside more traditional life, IP and CI cover.
“We are delighted to be working with Walsham Brothers, who have a significant track record in this market and understand the needs of transparency for consumers when it comes to product specification and claims.
“We are working with our firms to enable them to access quotes via Solution Builder and Iress and have simplified the agency process for them too. Member firms will be clear in how they can access the product from this coming week and we look forward to them adding it to their portfolio when discussing risk and avoiding foreseeable harm”
Jamie Leong, team leader at Walsham Brothers, added: “We’re delighted to be joining the panels of Paradigm Protect, Auxilium, Sense and Next Intelligence. These important partnerships – along with Omni Protect – will help broaden our reach to advisers and their clients.
“Our goal is to help everyone get the cover they need, regardless of occupation, existing medical conditions or hobbies; ensuring inclusivity and affordability.”
