What is Mortgage Payment Protection (MPPI)?

This is an insurance policy that was created in order to cover your mortgage repayments, should you suffer from an illness or injury which results in you not being able to work, or in the event of redundancy. Should your income disappear, you will be grateful for the cover that this provides.

The name Mortgage Payment Protection Insurance, is misleading in the sense that the plans are not solely restricted to covering mortgages payments.

For a further premium you are able to cover other home related financial commitments such as any premiums you are paying for any endowments or home insurance and even some necessary household bills.

MPPI polices are commonly offered at the time of applying for your mortgage, however you should be aware that you are free to shop around and are not obliged to take the one that is offered by your Lender. There are many insurance companies that offer MPPI policies and are possibly more competitively priced than those offered by Mortgage providers.

Download the Mortgage and Income Protection PDF Guide here - see our other free PDF guides here

Guide Contents

Mortgage & Income protection plans
What Is a mortgage payment protection (MPPI)?
What is an income protection plan (PHI)?
Different types of income protection insurance
Where to get your insurance cover
Applying for your MPPI or your PHI
Mortgage and income protection FAQ
Where to get further help on mortgage and income protection

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