How to protect your mortgage debt (without being ripped off) Money Hospital (blog)
The cost of protecting your mortgage payments has shot up as financial uncertainty bites.
As claims from home owners who have fallen on hard times increase, the average monthly premium for Mortgage Payment Protection Insurance (MPPI) has increased from £12.66 in August 2008 to £18.78 today, according to Moneysupermarket.
But is MPPI really the best way to protect your mortgage debt?
Would other products be better – or do you even need this kind of insurance protection? And if you do go with an MPPI policy, how can you get a good deal?
Wanting to protect your mortgage is understandable. Here's the argument - and how you can avoid being ripped off. What is MPPI (Mortgage Payment Protection Insurance)?
If you're a homeowner wanting some protection against an unplanned loss of earnings, mortgage protection insurance seems like a great idea.
It's not an income replacement
Roanoke TimesJOHN W. ADKISSON The Roanoke TimesBut he had no health insurance and no means of escaping the only place he could make a living: the ring. His entire life, he's traded on his amazing physique -- he held the Mr. USA bodybuilding title once -- and the athletic ability that propelled him
AsiaOneSome credit-linked notes rallyingThe firm has failed to pay interest on its bonds after the New York Insurance Department ordered it to stop doing so and to return any surplus to policyholders instead. A check on Morgan Stanley's website showed no indicative price for Pinnacle Notes
