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 Matches

Protectionism

Protectionism

Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.


Deposit Protection Scheme

Deposit Protection Scheme

A scheme set up to give limited financial protection to people with deposits in authorised banks which fail. Banks are authorised and supervised by the Financial Services Authority (FSA) and they are obliged to provide details of their deposit protection scheme and their claim procedures if requested by depositors. The FSA publishes a list of banks which are authorised under the 1987 Banking Act. The UK Deposit Protection Scheme covers 90% of a bank's total liability to a depositor subject to a set maximum.


Nominal rate of protection

Nominal rate of protection

The protection afforded an industry directly by the tariff and/or NTB on its output, ignoring effects of other trade barriers on the industry's inputs. Contrasts with the ERP.


Investor Protection Scheme

Investor Protection Scheme

See: 'Financial Services Compensation Scheme'.


Labor standards argument for protection

Labor standards argument for protection

The 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 Suggestions

Noneconomic objectives argument for protection
loan protection policy
Payment protection insurance
Call protection
Marine Mammal Protection Act
Externalities argument for protection
Environmental protection argument for a trade intervention
Securities Investor Protection Corporation
Self-sufficiency argument for protection
Effective rate of protection
Political economy of protection
Domestic distortions argument for protection
Patriotism argument for protection
Safeguards protection
Import protection
Building Societies Investor Protection Scheme
Second-best argument for protection
Intellectual property protection
Administered protection
Employment argument for protection
Protection
mortgage protection
Consumer Credit Protection Act of 1968
Actual protection rate
Fairness argument for protection


 
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