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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 MatchesSafeguards protectionSafeguards protectionImport protection provided under the Safeguards Clause. Import protectionImport protectionSee protection. Domestic distortions argument for protectionDomestic distortions argument for protectionSee second best argument. Effective rate of protectionEffective rate of protectionA measure of the protection provided to an industry by the entire structure of tariffs, taking into account the effects of tariffs on inputs as well as on outputs. Letting bij be the share of input i in the value of output j, the ERP of industry j is ERPj = (tj-Sibijtij)/(1-Sibij). Due to Corden (1966). Securities Investor Protection CorporationSecurities Investor Protection CorporationIn the US, a non profit organisation which provides insurance for cash and securities in customer accounts held by approved brokerage firms. Brokers and dealers registered with the Securities and Exchange Commission are obliged to be members of SIPC. In the event that such a firm fails, investors are covered up to a maximum of $500,000 of which no more than $100,000 can be cash. Further SuggestionsProtectionismExchange rate protection Effective protection Patriotism argument for protection Political economy of protection Downside Protection Deposit Protection Scheme Cultural argument for protection Fairness argument for protection protection applied Building Societies Investor Protection Scheme Payment protection insurance Labor standards argument for protection mortgage protection Content protection Foreign investment argument for protection Externalities argument for protection Retirement Protection Act of 1994 court of protection Contingent protection Protectionism Second-best argument for protection Investor Protection Scheme Environmental protection argument for a trade intervention Administered protection |
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