This product can reduce arrears, provide book retention and act as a powerful retention, loyalty and revenue generation tool:
It allows Distributors - Mortgage Providers, Unsecured Lenders, Credit Card Providers, Motor Manufacturers, Telecom Providers, Energy Utility Companies, Motor Distributors, House Builders, Educational Care Product Providers, Retailers and Affinity Groups - to increase more sales of their core product offerings whether its mortgages, unsecured loans, credit cards, motor vehicles, telecom and utility services, building and supply of homes or enhancement benefits for an affinity group.
It installs customer confidence as a positive buying decision is greatly influenced by the security and knowledge that Job Loss Protection is there to eradicate the possibility of customer default on their monthly committed repayments following job loss.
Furthermore, Job Loss Protection provides the Distributor with the additional security to reduce account delinquency and default costs that would otherwise compromise cash flow, and affect the long-term financial security of their business.