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Mortgage payment protection insurance (MPPI) |
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Mortgage payment protection insurance (MPPI)An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan.Mortgage payment protection insurance (MPPI) Similar MatchesEmployment argument for protectionEmployment argument for protectionThe use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost. Payment protection insurancePayment protection insuranceA type of insurance that pays your loan for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. Most non-mortgage PPI products are taken out for a length of time that corresponds to the life of the loan it is protecting. Tariff protectionTariff protectionProtection provided by a tariff. Political economy of protectionPolitical economy of protectionThe study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs. Labor standards argument for protectionLabor standards argument for protectionThe view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining. Further SuggestionsDomestic distortions argument for protectionActual protection rate Building Societies Investor Protection Scheme National defense argument for protection Domestic content protection loan protection policy Fairness argument for protection Investor Protection Scheme Noneconomic objectives argument for protection Labor standards argument for protection Balance of payments argument for protection Downside Protection Patriotism argument for protection Exchange rate protection Self-sufficiency argument for protection Consumer Credit Protection Act of 1968 Protection home responsibilities protection Deposit Protection Scheme Content protection Nominal rate of protection Environmental protection argument for a trade intervention Protectionism protection applied Retirement Protection Act of 1994 |
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