Is PPI The Same As Critical Illness Insurance? 
Payment Protection Insurance , or PPI , is insurance offered in some European countries and Australia . It is tied with a mortgage or loan . If the insured person is disabled due to injury , illness , or being laid off , PPI will make the mortgage or loan payments . Critical Illness Insurance in the United States will pay the insured a lump sum upon being diagnosed with some serious illnesses or health conditions . They can pay off their own bills with that money . 