Payment protection insurance


 

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Payment protection insurance

A 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 Matches

Protectionism

Protectionism

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


Protectionism

Protectionism

Advocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists.


Tariff protection

Tariff protection

Protection 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 protection

Endogenous protection

Protection that is explained as the outcome of economic and/or political forces. See political economy of protection.


Further Suggestions

Contingent protection
Exchange 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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