Forever tarred with the same brush as its cousin payment protection insurance, MPPI has still not been given the opportunity to flourish. Barbara Cockburn insists that the time is now. Click here to download pdf
Mortgage payment protection insurance (MPPI) has a lifespan of 12 months and pays mortgage payments for a specified period, such as three months or six months if a claim is made because the policyholder cannot work if they suffer from an accident, sickness or unemployment. But the problem with MPPI is that it is part of the payment protection insurance (PPI) family; which was caught up in the Office of Fair Trading (OFT) referral to the Competition Commission in February this year. The MPPI industry insists it is a totally different kettle of fish to its infamous cousin PPI and it is not ...
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