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Pioneer launches new short-term IP product

Pioneer has launched a short-term income protection product aimed specifically at offering cover for essential payments.

Bills and Things offers policyholders cover in £100 increments from £500 to £1,000 a month, allowing the customer to choose how much cover they receive over a one or two year period.

Pioneer intermediary sales director Paul Wood says: “With Bills and Things you can ensure that all essential payments you have to make on a monthly basis – mortgage, utilities, council tax, even food – can all be covered if you can’t work because of illness or injury.

“Historically IP has been hampered by long financial underwriting processes. The beauty of Bills and Things is that there is no financial underwriting and you cannot be over insured, removing worry for both the intermediary and the consumer.”

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