Berkeley Alexander has unveiled a new type of ASU cover which offers the combination of Mortgage Payment Protection (MPPI) with standalone Income Protection.

With the product, known as SafetyFIRST, customers can protect either their mortgage or their income, or both, up to a maximum benefit of £2,000 per month or 60% of gross monthly income, whichever is the lower.

It is also available as an unemployment only option. Cover is available for both new and existing mortgages and for non-mortgage related benefit.

Geoff Hall, managing director of Berkeley Alexander, said: “When it comes to ASU products