The product will be available from 12 January, and the integration will give advisers using Iress software seamless access to Mortgage Friendly Shield.
The income protection plan is not underwritten and combines sickness cover with fracture cover and a death benefit. Mortgage Friendly Shield includes access to advice from expert partners who specialise in legal matters and can give guidance on legal mortgage-related queries.
It has a three-level structure that requires no medical or financial underwriting.
For each policy year, this includes income benefit up to £2,250 per month for up to three months for accidents and sickness. There is also access to legal information and support, the Friendly Dentist+ app, the Friendly GP+ app, fracture cover up to £3,000, and accidental death benefit up to £85,000.
The product also includes a rehabilitation benefit of up to £1,000 for access to private facilities covering physical therapies and a natural death benefit of £2,500 after a two-year qualifying period.
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Graham Singleton, chief executive at National Friendly, said: “This partnership with Iress represents an important milestone in making protection more accessible. By integrating Mortgage Friendly Shield directly into platforms that mortgage advisers use every day, we’re making it easier for them to protect their clients at the right time. The beauty of this product is its simplicity – no underwriting, straightforward pricing, and quick access to valuable services.
“As a mutual, our purpose is to serve our members, and this partnership helps us reach more people who might otherwise go without protection.”
Jacqueline Durbin, head of product – sourcing at Iress, said: “We’re pleased to be working with National Friendly to bring Mortgage Friendly Shield to advisers through The Exchange and Xplan Mortgage. Our focus is on equipping advisers with high-quality, easy-to-use solutions that help them meet clients’ needs at key life moments.
“By making this innovative protection product available within the software advisers already rely on, we’re supporting more meaningful protection conversations at the point of mortgage advice and helping advisers deliver greater value to their clients.”
The amount of cover received will depend on which one of the three tiers is selected: Bronze, Silver, or Gold, with premiums starting from only £10 per month, or 33p per day.
