Can you tell me if I am allowed to take out a Mortgage Payment Protection policy

 
 

 

Q: Can you tell me if I am allowed to take out a MPPI policy and an Income Protection Policy at the same time?  What is the difference between the 2?  My partner and I both earn £2400 per month each and want to cover £820 each for mortgage and bills and another £600 each for living expenses per month.

 
 

 

A: Mortgage Payment Protection allows you to cover your monthly mortgage payment plus mortgage related costs, an income protection policy can be used to cover any expenses you wish to cover. 

 

 

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