Redundancy Protection

Call 0844 875 55 33 quoting ref WS4
(Immediate quotes and advice during working hours)

Redundancy Protection

Consider these current statistics: 90 homes a day are being repossessed, the majority due to the financial problems associated with unemployment. One in three people aged 25-34 have experienced unemployment for a period in excess of one month. Almost one in five working age households (3.4 million) has someone who is currently not in employment. There are nearly 1,000,000 people in the UK who are registered as unemployed. Every day 500 people in this country become unemployed. 60% of unemployed men and 45% of unemployed women will be out of work for six months or more.

Anyone who has taken out a mortgage or who has re-mortgaged since October 1, 1995, is not eligible for Income Support for payment of mortgage interest until after nine months of unemployment or disability. For loans taken out before that date, some help kicks in at eight weeks. But in either case, anyone with savings of £8,000 or more, or with an earning partner, usually receives nothing.

The terms of individual Redundancy insurance policies vary. Normally, you can apply for Redundancy Insurancee if you are aged between 18 and 64 and are permanently resident and working within the UK.

With most Redundancy Protection Insurance policies, you need to be unemployed for a certain period before you receive redundancy insurance payments. This period is usually 30 to 60 days.

UKinsuranceNET Redundancy Cover insurance policies can be tailored to suit your individual needs. Simply click for a quote. Alternatively speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.