You might be wary of mortgage payment protection insurance (MPPI) because you've heard that some of the more heartless of insurance agents have long been selling unnecessarily pricey policies to nervous and gullible homeowners. However, while it's true that there are some untrustworthy insurance agents out there, and while it's also true that not all policies are a good fit for certain homeowners, this doesn't mean that all MPPI policies are bad. In fact, MPPI policies can often come to the rescue when a homeowner unexpectedly loses his or her income.

Will the dark cloud lingering above the global economy ever lift? Let's all hope that it does. In the meantime, what will you do if the recession steals your job? Will you be able to keep paying your mortgage and your other bills?

Mortgage payment protection insurance, or MPPI, is a generic term for an insurance that will help you cover your mortgage payment should you suddenly find yourself unable to pay it. Here are a few facts about basic mortgage payment protection insurance plans:

If losing your home due to an economic crisis is one of your worst nightmares, you're not alone. In fact, it's a nightmare many salespeople for mortgage payment protection insurance, or MPPI, are counting on when they sell you an MPPI policy.