London-based underwriting agency Goodfellows is offering a range of free cover incentives for both policyholders and brokers in an attempt to boost sales of its new mortgage payment protection policy, Freestart.
The policy is available to new and existing mortgage borrowers aged between 18 and 65, provided that they have worked on either a full or part-time basis for a minimum of 16 hours per week over the past six months.
The policyholder is offered a choice of either six months free cover at the start of the policy or three months free cover plus 25% extra free cover for the full term of the policy.
The broker will receive 25% commission for the full term of the policy including the free cover period.
Managing partner Simon Burgess said: "This is clearly a win-win situation for both the policyholder and broker and fulfils the Government's manifesto commitment of substantially improving home ownership through better mortgage protection."
