Losing your main source of income for any reason can be devastating. Mortgage Payment Protection Insurance or MPPI is the only insurance product that offers direct protection against redundancy. It is a form of unemployment insurance (ASU) but there are important differences.
MPPI may be sold by mortgage providers, however most mortgage providers only recommend MPPI if there is a realistic need for this type of insurance.

another alternative to protect against redundancy includes IP (income protection insurance)

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