With an increasing awareness of the benefits of Credit Life insurance, consumers have started actively purchasing products that offer protection against outstanding loan amounts, mortgages etc.
Now, consumers who see value in protecting their loans and mortgages can also use Bill Protector to cover expenses such as rental payments, school tuition expenses or even utility bills (gas, electricity, water etc).
MetLife’s Bill Protector is designed to help your customer protect his or her lifestyle and the main features of this product include:
The ability to customise the product to cover a range of payments that a consumer normally makes on a day-to-day basis such as electricity and water bills, school fees, rent, mobile phone bills, groceries etc
The ability to create packages with a combination of benefits thereby allowing the customer to choose the one that best suits his or her needs and budget
The ability to offer high amounts of coverage
Guaranteed issue - This product can be issued to the customer across the counter with no medical exam or lengthy documentation requirements.
Affordability – The customer can purchase packages for as low as 90 cents a day and be protected from a wide range of eventualities