Financial adviser survey reveals limitations of traditional MPPI
Over half of advisers (53%) believe that the biggest limitation of traditional mortgage payment protection insurance (MPPI) is that benefits are only paid for a maximum of 12 or 24 months. Despite this finding, half will continue to recommend MPPI or a similar protection cover to all of their clients, according to a new survey by LV=.
The research also found that almost one quarter of advisers (23%)3 are concerned about the ‘one size fits all approach’ of traditional MPPI.Chris McFarlane, Head of Protection at LV= said: “Our
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