A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Income Protection Insurance Jargon Buster
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LENGTH of the INCOME PROTECTION INSURANCE POLICY
As the policy is not tied to any mortgage or loan it can continue to
retirement age.
LIEU OF NOTICE payment
We will not consider you unemployed for any day you receive payment
in lieu of notice.
Mortgage and Loan Payment Protection (MPPI or LPPI)
Covers only your loan or your mortgage repayment although some will
additionally cover associated mortgage costs. Generally you would require
a new policy with each new mortgage or loan you obtain so pricing and
acceptance could then be affected over time by your health and your
age.