Mortgage Protection: Don't Get Fleeced! - 2006-02-21
When you signed up for a mortgage, did your lender try and persuade you to take out Mortgage Payment Protection Insurance (MPPI)? And did you take it? MPPI is essentially accident, sickness and unemployment insurance which is specifically designed to meet the mortgage payments. According to British Insurance, purchasing MPPI through your mortgage lender can cost almost a third more than buying direct from a specialist insurance broker.
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