Mortgage Payment Protection 'Statement of Demands':
DMS OPTIONS Plan:
Statement of Demands and Needs
 Your Demands and Needs are
those of a person seeking to assess their suitability for payment protection
insurance. In addition, you may have other Demands and Needs that have not been
specifically declared by you to your Adviser. If you have
other Demands and Needs please let your Adviser know in writing or by email.
Will our products meet your
Demands and Needs?
DMS OPTIONS products may be
suitable for persons aged between 18 and 60 who live and work in the
United Kingdom
for more than 16 hours each week and have done so continuously for the past 6
months by providing:
-
Back to day one, 60 day
deferred back to day thirty-one, or ninety day deferred back to day
sixty-one claims benefits for up to 12 months.
-
Competitive premiums
which are payable by Direct Debit.
-
Tax free benefits.
-
Peace of mind and a good
level of cover but which is not intended to meet every eventuality.
-
A simple cancellation
process should the product not suit your needs in the future.
-
Flexibility to increase
or decrease your benefit level, subject to underwriting.
Are there circumstances when
our products may not meet your Demands and Needs?
DMS OPTIONS products are
NOT
suitable for persons who:
-
are
not aged between 18 and 60.
-
do
not live and work in the
United Kingdom
.
-
do
not work for more than 16 hours each week and have not done so continuously
for the past 6 months.
Furthermore, DMS OPTIONS
products are much less likely to be suitable for you if:
-
You cannot register as
unemployed within the
United Kingdom.
-
You are employed on a
fixed-term contract and you have less than 2 years service with your current
employer.
-
You are employed on a
fixed-term contact and your contract has 6 months or less to run.
-
You are aware of any
proposed redundancies or reorganisation in the business you work for.
-
You are aware of any
financial or contractual threat to the business you work for.
-
Your work is casual,
temporary or seasonal in nature or unemployment is a regular feature of your
particular job
-
You are currently
disabled or you have a pre-existing medical condition.
-
You are currently unable
to work due to an incapacity (including any maternity leave).
-
You are an existing
borrower and your mortgage or loan is in arrears or is shortly due to end.
-
You are using your
mortgage or loan for commercial purposes (including buy to let mortgages).
-
You are not living in the
property named on your proposal.
-
You are acting as a
guarantor on the mortgage or loan (even if you are named on the agreement).
-
You already have
unemployment and/or incapacity insurance.
-
You do not have or intend
to have a mortgage or loan.
-
You wish to insure more
than 50% of your gross monthly income.
-
You wish to obtain
immediate unemployment cover.
-
You become unemployed or
incapacitated and still receive some income.
Important Note:
Please read your Certificate
of Insurance and Policy Terms and Conditions carefully, particularly if any of
the above circumstances apply to you. This is because either an exclusion or
policy condition may stop you from being able to claim or affect your
eligibility to claim. If you have any doubts or
concerns, please contact DMS the scheme administrators, full details in the
Keyfacts Policy Summary and Full Policy Wording Documents.
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