MPPI - is it worth it?

PigginSkint

As I am DFW I have been advised to cancel MPPI in order to save money. Not sure whether this is a good idea. Can anyone help me?

regularsaver1

they may have been on about the cost of it - but there are different types of insurances out there at half the costs

what you need to ask yourself is - what are my needs? how would I manage if I was off work sick? lose job? ect
I presume when you mention MPPI you are relating to accident, sickness unemployment. There is always PHI

its the same with life cover, and critical illness cover = do you need it? what provisions do you already have in place?

MortgageMamma

If you are in debt now, imagine how awful it would be if you could not work and could not meet your monthly mortgage payments?

I would advise not to cancel it, but as stated assess if the cover meets your needs, and if so, shop around for a cheaper policy without compromising on level of cover. You would probably find this easier asking a broker to quote for you, but there are plenty of companies you can approach directly yourself and take cover without receiving advice...

PigginSkint

Thanks for the advice!!