Does PPI Cover Life Insurance?

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    Peggy Mace
    Most of the U.S.
    PPI covers repayment of loans such as car loans, mortgages, credit and store cards, and personal loans in the event that the borrower becomes unemployed or disabled. It does not pay life insurance premiums if unemployed or disabled. There is a disability rider that can be added onto a life insurance policy to pay the premium in the event of disability.
    Answered on July 25, 2013
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