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Mortgage Payment Protection Insurance Financial Glossary

What is it? (MPPI) is insurance which - depending on the type of cover requested - provides you with a means of continuing to pay your mortgage in the event of you losing your job or becoming incapable of working due to sickness or accident. This, like Income Protection Insurance, can give you peace of mind, particularly with current limited social security (DSS) support for distressed mortgage payers.

Finance Term Definition Added By: Lucas

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We hope you now understand the meaning of Mortgage Payment Protection Insurance. If you need any more information on this term, please don't hesitate to contact us.

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