HomeOwner Income Protection is administered by MMS and underwritten by certain underwriters at Lloyd’s.
MMS does not sell HomeOwner Income Protection directly to the public. HomeOwner Income Protection is
available nationally from regulated general insurance intermediaries.
If you are directly authorised by the FCA and would like to offer HomeOwner Income Protection
please click here to be forwarded to our registration form.
If you are already registered with us and would like to log in to the software just click here.
HomeOwner Income Protection is a Short Term Income Protection product suite that is entirely
independent of the point of sale of credit and is available nationally from regulated general
insurance intermediaries. This insurance policy will provide your customer with the ability
to protect up to 60% of their gross income or £1,500 provided that they are responsible for a
mortgage or named as owner of their primary residence.
From the customer’s perspective, HomeOwner Income Protection is portable, fully flexible and
covers the most important financial obligations for which protection is critical in the event
of their inability to work through Accident, Sickness or Unemployment (ASU).
From the insurance intermediary’s perspective, HomeOwner Income Protection is compliant and
easy to sell through a very simple online application process. Whilst being competitively priced,
HomeOwner Income Protection also pays regular, market-level commissions which build valued revenue
to your business. HomeOwner Income Protection is administered by Marketing & Management Services
Ltd, trading as MMS, and is underwritten by certain underwriters at Lloyd’s.
If your customers suffered an accident, sickness or unemployment (ASU) how would they get by?
Cover features and benefits
Choice of Accident and Sickness cover and Unemployment cover
A monthly benefit of up to £1,500 per month or 60% of the customer's gross income
12 months benefit period
3 excess options of day 1 cover, 30 day excess and 60 day excess
No job or industry sector exclusions
Benefit payments are payable directly to your customer
Age banded with a set price for life dependent on age at purchase
Very competitive customer rates; As an example, a 30 year old taking Accident and Sickness cover with a 30 Day Excess and
12 Months Benefit will pay £3.91 per £100 of monthly benefit. The monthly cost includes Insurance
Premium Tax (IPT) at the present rate.
Current rates of commission are often altering, please give us a call if you are a broker and need an update on your product
What is not covered / excluded
Like all insurance policies there are limitations and exclusions that may apply and prevent your
customers from making a claim. Details of these exclusions can be found in the
Policy Wording, or a summary
can be found in the IPID.
Some examples of these exclusions include:
Claims relating to self-inflicted injuries, alcohol or drug abuse
Mental and nervous disorders, such as stress, unless diagnosed by and under the continuing
supervision of a Consultant Psychiatrist
Pre-existing medical conditions. Any condition, injury, illness, disease, sickness or related
condition and/or associated symptoms, whether specifically diagnosed or not, for which medical evidence shows they
knew about or were experiencing symptoms that they would have been aware of in the 12 months prior to the start date
of the insurance or cover increase date (whichever is the later), then that particular condition, or any claim
attributable to it is excluded until they have been clear of it for a continuous 24 months period following the start
date or cover increase date. Please read the
Policy Wording for further details
Back related conditions, unless there is radiological evidence of a medical abnormality or a
Consultant certifies that the condition solely prevents you from working
Claims arising due to elective or cosmetic surgery and / or treatments
Any unemployment that your client knew about at the start date of cover or within the initial
Dismissal due to misconduct, which may include fraud or anything that led to or might have led to
a disciplinary procedure being taken by the employer
If unemployment is temporary or voluntary, for example, if your client resigns or accepts voluntary
If your client does not register with the Jobcentre and is not continually available and actively
looking for work
The HomeOwner Income Protection product suite is straightforward, intuitive and compliant to arrange,
driven by simple to use online point of sale software.
The quotation and application sequence involves minimal data input, involving just 5 screens, and
customers are on risk from the point at which the ‘submit’ button is pressed (of course they have
a 30 day cooling off period).