Types of Mortgage Payment Protection Policies

The three types of MPPI cover available

There are generally three types of cover available:

Accident and Sickness Cover – this will pay out in the event that incapacity prevents the policyholder from working for a period as set out in the policy document.

Unemployment Cover – this will pay out in the event that involuntary unemployment prevents the policyholder from working for a period as set out in the policy document.

Accident, Sickness and Unemployment Cover – a combined policy which will pay out in the event that incapacity or involuntary unemployment prevents the policyholder from working for a period as set out in the policy document.

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