VitalityLife has launched a new Mortgage Plan, specifically designed for mortgage protection.
Alongside this, VitalityLife has also launched a number of enhancements to its income protection (IP) that will provide members with more inclusive cover.
The new mortgage protection plan provides comprehensive cover designed specifically for mortgage protection.
Life cover, income protection, serious illness cover for children, waiver of premium and a new serious illness cover protector, specifically designed for mortgage protection, can be included. With just five medical questions, the new application process means clients can be protected in minutes, the insurer said.
Serious Illness Cover Protector:
- Severity-based approach covering 145 conditions, including 40 conditions unique to Vitality.
- 77 conditions paid out at 100% of the sum assured to fully cover the mortgage after suffering from the most severe conditions. This includes heart attack, cancer and stroke.
- 68 conditions paid out on a severity basis between 15% and 75% of the plan amount. These claims do not reduce the amount of Life or serious illness cover remaining for further claims.
Deepak Jobanputra, Vitality Life deputy CEO, said: “Our new and simple, yet comprehensive, Mortgage Plan provides the most comprehensive cover, paying out on death and serious illness. Applications are made through our simplified Optimiser Underwriting, which means clients can be fully covered in minutes.”