Mortgage protection can assist when:

Mortgage protection insurance (MPI) is designed to cover mortgage payments in case of unexpected life events, such as illness or death of the primary earner.

Why is Option C Correct?

If the main wage earner falls ill or dies, MPI ensures the mortgage is paid so that their family does not lose their home.

Why Not Other Options?

A (Property prices rise) → Property price increases do not affect mortgage repayments.

B (Interest rates rise) → While rising rates increase mortgage costs, MPI does not cover rate changes.

D (Property price collapse) → MPI does not protect against declining property values.

???? Reference: CISI Wealth & Investment Management (Protection Planning), FCA Mortgage Market Review (MMR).