Shattered.
Becoming seriously ill or being made redundant can throw your life into chaos. However, David Fanning says only one in four households take out mortgage payment cover.
Despite the possibility of loss of income that we all face, mortgagepayment protection insurance (MPPI) is only taken out by one in four
households.
In existence since the early 1980s, it grew in popularity following the
housing market upsets of the early 19.90s. However, there are signs that
interest in MPPI is growing again.
The take-up rate has increased substantially, from around 8% seven years
ago to between 25% and 30% today. Even with that improved penetration, the
untapped market for MPPI
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