London-based firm Compass Underwriting has won the underwriting and service contract to provide term life mortgage cover for Habito, a digital mortgage broker.
Underwritten by AIG Life, the policy will match the period of the mortgage and can cover single or joint applicants.
It also offers up to 90 days of cover for free on exchange of contracts and the ability to increase or decrease coverage to follow the terms of the mortgage.
“Compass is always looking to engage with innovative companies trying to bring customers better products and services; where customer focus is not just a message but integral to their business and philosophy,” stated Andrew Briant, Managing Director of Compass Underwriting.
“Habito is such a company, demonstrated by a TrustPilot score of 9.1 and a 5-star rating.”
Daniel Hegarty, Founder and Chief Executive Officer of Habito added, “When you buy a home, your first thought should be what colour to paint the walls, not worrying about who’s going to pay the mortgage after you’ve gone.”
“Together with Compass Underwriting, we have rolled-out a no-strings life insurance product that offers accessibility, convenience and flexibility like never before.”
“It is designed so that Habito customers can have complete peace of mind – free of charge – as they settle into their new homes.”
