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Payment protection insurance |
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Payment 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.Payment protection insurance Similar MatchesProtectionismProtectionismNotion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers. ProtectionismProtectionismAdvocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists. Tariff protectionTariff protectionProtection provided by a tariff. Mortgage payment protection insurance (MPPI)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. Endogenous protectionEndogenous protectionProtection that is explained as the outcome of economic and/or political forces. See political economy of protection. Further SuggestionsContingent protectionExchange rate protection Self-sufficiency argument for protection Externalities argument for protection loan protection policy home responsibilities protection Infant industry protection Actual protection rate Employment argument for protection Securities Investor Protection Corporation Domestic distortions argument for protection Noneconomic objectives argument for protection protection applied Call protection Import protection Fairness argument for protection Administered protection Balance of payments argument for protection Environmental protection argument for a trade intervention Labor standards argument for protection Consumer Credit Protection Act of 1968 Foreign investment argument for protection Protection Political economy of protection Safeguards protection |
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