Mortgage
A loan for the purchase of property, which is then secured against it.

Mortgage Payment Protection Insurance (MPPI)
Mortgage Payment Protection Insurance. Also referred to as ASU (Accident Sickness Unemployment) insurance or Mortgage Payment Insurance, this provides cover for your mortgage payments if you are unable to work for a period of up to 12-24 months.

Mortgage Protection
Also known as decreasing term assurance/insurance, Mortgage Protection will pay out a lump sum on death, usually to cover the decreasing outstanding amount of a capital repayment mortgage.