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MPPI

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter M

MPPI

Also known as Mortgage Payment protection Insurance see also Accident Sickness and Redundancy ASU this is cover that is designed to cover your mortgage payments in the event that you suffer an accident sickness or are made redundant.

These type of plans tend to cover your mortgage payments for 12 months though you can get them for longer periods.

They also are designed to pay in the event of sickness, disability or redundancy (involuntary unemployment) but you can have some or all of those benefits in any one plan.

For more information or a low cost quote on Accident Sickness and Unemployment Insurance please visit our partner site EasilyCovered.co.uk click HERE

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FSA declaration and important text about mortgage advice