MPPI and IP - Combine to make the perfect mortgage protection package Many believe that when it...
MPPI and IP - Combine to make the perfect mortgage protection package Many believe that when it comes to protecting the monthly mortgage payment you need either short-term mortgage payment protection insurance (MPPI) or long-term income protection (IP) with few choosing to take out both. Out of the two MPPI enjoys much greater penetration, mainly because it is the preferred 'lead' product offering of many lenders and mortgage advisers when it comes to protecting the mortgage payments. There are a number of reasons for this; • MPP can usually be sold at the point the mortgage i...
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