Paymentshield protects payments

Tim Johnson

IncomeShield provides protection for any of the policyholder's financial outgoings and can be sold as a standalone product or in conjunction with other insurance and protection products.

Paymentshield chief executive Tim Johnson said: "Financial intermediaries have been crying out for a flexible income insurance product that is not tied to a mortgage or loan but that can be used to cover a raft of financial outgoings including rent, council tax, school fees and even gym membership or the daily

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