How does mortgage payment protection insurance (MPPI) work?
Anyone with the commitment of a large mortgage to pay off continually each month over many years should give some thought to taking out mortgage protection. The policy is taken out so that if you were to become a victim to redundancy whilst repaying your mortgage you will have something to fall back onto to provide you with an income towards being able to continue meeting your mortgage commitment. The same policy could also cover your mortgage repayments if you were to fall ill or suffer from an accident that left you unable to work for some considerable time. The benefits that you get back from the insurance will be tax free and could mean the difference between you falling into arrears and being faced with repossession or servicing your repayments and keeping your home. There will be a period of time that you will need to have suffered from one of the events that you had chosen to cover and this could differ by quite a substantial amount with different providers so you do have to che
