Walsham Brothers has added Paradigm Protect to its growing list of distribution partners as it seeks to widen adviser access to its mortgage payment protection insurance range.
Adviser members of Paradigm Protect will now be able to access Walsham Brothers’ mortgage payment protection insurance (MPPI) products, which provide cover for mortgage payments for up to two years following accident, sickness or unemployment.
The agreement follows a series of distribution deals for the specialist protection provider. Omni Protect became Walsham Brothers’ first distribution partner just over a month ago, while the firm has also gone live with Auxilium, Next Intelligence and Sense Network.
Walsham Brothers’ MPPI range includes options with no medical underwriting, flexible cover and premiums that do not increase with age or following valid claims.
The provider also offers standalone unemployment cover, which it positions as a potential addition to income protection arrangements.
Mike Allison, director of protection at Paradigm Protect, 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.”
