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  2. Income protection insurance - Wikipedia

    en.wikipedia.org/wiki/Income_protection_insurance

    Income Protection Insurance (IPI) also known as loss of earnings insurance is an insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. This is typically a replacement for lost income suffered by the policy holder. These policies were formerly called Permanent Health ...

  3. Mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_insurance

    Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.

  4. Mortgage industry of the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    The UK mortgage market is one of the most innovative and competitive in the world. There is little intervention in the market by the state or state funded entities and virtually all borrowing is funded by either mutual organisations (building societies and credit unions) or proprietary lenders (typically banks).

  5. Mortgage protection insurance: What it is and when you might ...

    www.aol.com/finance/mortgage-protection...

    Mortgage protection insurance is an insurance policy that pays off the remainder of your mortgage if you pass away or if you become disabled and can’t work. In that way, it functions similarly ...

  6. Payment protection insurance - Wikipedia

    en.wikipedia.org/wiki/Payment_protection_insurance

    Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.

  7. Portman Building Society - Wikipedia

    en.wikipedia.org/wiki/Portman_Building_Society

    In 1988 the society continued expanding its insurance products, by offering Travel insurance, Drives Motor Car Policy and Thomas Cook traveller's cheques. Expansion also continued through mergers. In July 1989, Wessex Building Society gave its approval to merge with Portman and the society officially changed its name to Portman Wessex Building ...

  8. What is a mortgagee clause? - AOL

    www.aol.com/finance/mortgagee-clause-190100413.html

    Key takeaways. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial ...

  9. Mortgage life insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_life_insurance

    Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage .

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