DMS Options

A range of Accident, Sickness and Unemployment Covers

Eligibility
You can be covered under this policy if at the start date:

You are a UK Resident
You are aged 18 or over and under 60
You have been continuously at Work for 6 months prior to the Start Date

You cannot be covered under this Policy if at the Start Date

You are aware of any impending Disability or Unemployment that might affect you
You are aware of any impending action against you under your Employer’s disciplinary procedures
You are in temporary or seasonal employment

DMS's Underwriting limit is the lowest of

50% of gross income or net profit
£2,000 per month
Individual cover package limit

Covers Available

Accident Sickness or Unemployment, Accident & Sickness only or Unemployment only
Back to day one cover, 30 days deferred, or 60 days deferred, all payable monthly in arrears.

Unemployment is defined as

Employed - Involuntary redundancy
Self Employed - Bankruptcy or Cessation of Business
Controlling Director - Bankruptcy or Involuntary Liquidation

Mortgage Payment Protection - Covers Mortgages and Secured Loans

Cover package limit

Up to 125% of mortgage interest, mortgage repayment, life assurance, home insurance, council tax, electricity, gas, water and heating oil.

Stand Alone Income Protection

Cover package Limit

£2000 per month - An additional £1,000 p.m. with other providers will not prejudice a claim so long as the other providers and we endorse Certificates to this effect.

Hybrid - Mortgage and Income Protection

Mortgage cover package limit

Up to 125% of mortgage interest, mortgage repayment, life assurance, home insurance, council tax, electricity, gas, water and heating oil.

Income cover package limit

Underwriting limit only

High Risk Employer

From time to time we consider some Employers or some sections of the economy to be at specially high risk of Redundancies. Rather than simply refuse cover as most ASU providers do, we use this Plan to enable us to offer limited cover to people in this situation.

Covers Available
Accident Sickness or Unemployment, 60 days deferred, Initial Exclusion Period 180 days.

Mortgage cover package limit

Up to 125% of mortgage interest, mortgage repayment, life assurance, home insurance, council tax, electricity, gas, water and heating oil.

Income cover package limit

Underwriting limit only

Tailor-made cover packages

Loan Cover plan

Covers Unsecured Loans
Back to day one cover, payable monthly in arrears (on day 31)
ASU, AS only or U only
Accident & Sickness Benefit PAYABLE FOR UP TO 60 MONTHS
Unemployment benefit payable for up to 12 months
No limit to the number of claims that can be made
Cover and Premium levels GUARANTEED FOR UP TO 60 MONTHS
Cover up to 125% of monthly loan repayment costs.
Initial Exclusion Period, New Loans 60 days, otherwise 90 days.
Our premiums are usually less than 50% of what Lenders charge.

Rent Cover Plan

Covers domestic property rental.
Back to day one cover, payable monthly in arrears (on day 31)
ASU, AS only or U only
Accident, Sickness or Unemployment benefit payable for up to 12 months
No limit to the number of claims that can be made
Cover up to 125% of monthly Rent costs
Benefit can be paid directly to the Landlord or Agent (Client chooses at start of claim)
Initial Exclusion Period, New Tenancies 60 days, otherwise 90 days.

Self Cert Mortgage Protection

Back to day one cover, payable monthly in arrears (on day 31)
ASU, AS only or U only
Accident, Sickness or Unemployment benefit payable for up to 12 months
No limit to the number of claims that can be made
Cover up to 125% of mortgage interest, mortgage repayment, life assurance, home insurance, council tax, electricity, gas, water and heating oil costs
No income validation to support a claim, Client must simply show proof that lat 6 monthly mortgage payments were made in full and on time.
Great for Employed unable to prove income, Self Employed with low or no Net Profit in their accounts, and Controlling Directors drawing Dividends not Salaries
Initial Exclusion Period, New Mortgage 60 days, otherwise 90 days.

Shared Ownership Cover

Covers properties that are part owned and part rented.
Back to day one cover, payable monthly in arrears (on day 31)
ASU, AS only or U only
Accident, Sickness or Unemployment benefit payable for up to 12 months
No limit to the number of claims that can be made
Cover up to 125% of mortgage interest, mortgage repayment, rent, life assurance, home insurance, council tax, electricity, gas, water and heating oil costs
Initial Exclusion Period, New Mortgage/Tenancy 60 days, otherwise 90 days.

Specialist Cover Packages

Debt Management

Protect IVA
Protect-a-Debt
Protect-a-Trust Deed

Introducer AR Development for Agents

Rent Cover Plan for Letting Agents
Shared Ownership Cover for Housing Associations
School Fees Protection for Private Schools
Subscription Protection for Health Clubs & Gyms

Bespoke Cover Packages

We are always ready to develop a product specially for an Intermediary. Just tell us what you require:

The market or affinity group for which you are aiming
Accident Sickness and Unemployment, Accident and Sickness only or Unemployment only
Deferment period
Length of benefit
Premium or commission rate required

Contact us now to see if we can help.

Ready to go Cover Packages

The following cover packages are ready for joint development right now.

Accountant Relationship Development for IFA’s
Cessation of Business Cover for the Self Employed
“Self Cert” MPPI or Self Employed & Controlling Directors

Solicitor Relationship Development for IFA’s
Child Maintenance Protection

DMS Product Range