If you are a homeowner with a mortgage to pay, then if you haven’t got it already, mortgage payment insurance is certainly something you may wish to consider You may just think that it is another added and unnecessary expense to add to your list of household commitments, but it can, in times of financial distress such as unemployment or incapacity, literally save the roof over your head

With 2008 becoming the year of the ‘credit crunch’ and literally hundreds of thousands of people in the UK subsequently losing their jobs to redundancy, mortgage unemployment insurance is something that anyone who has a mortgage must have least considered And even in times when the economy is stable, redundancy is still a very real threat, so the idea of still being able to continue maintaining your mortgage repayments, even though you have lost your income due to involuntary redundancy, is invaluable

Anyone who has a mortgage will no doubt have worried how they would manage financially in the event that they lost their income due to involuntary redundancy or incapacity (ie accident or sickness) It is a frightening thought that with just a few missed payments you could face going Court and even having your home repossessed

You may ask why you need mortgage protection insurance, believing that it is just another expense when your money is stretched already However, have you considered what would happen if you were to suddenly lose your income due to involuntary redundancy or incapacity such as from having an accident or falling sick

Mortgage payment protection insurance (or MPPI) is an insurance product that can help you keep up with your monthly mortgage repayments in the event that you lose your income due to involuntary redundancy; recovery from an accident; or prolonged illness This means that at an already stressful time, you will not have to worry how to keep your home safe from repossession

One of the undisputed qualities of this country is the strength, vitality and diversity of its financial services sector This is all very good for the economy at large, but for the individual investor the sheer diversity of the available avenues for investment can be a problem in itself

When you want advice about making the most of your money – ensuring that it works as hard as it can for you – then you will almost certainly want that advice to be independent, completely knowledgeable about all the financial products available, and for it to be advice that sets out the options so that you can make an informed decision, rather than be cajoled or persuaded into taking someone else’s preferred approach