Redundancy Insurance

For any type of Accident, Sickness & Redundancy Insurance please call one of our advisors for free quotes and advice.

0845 365 0030 quoting ref WS6.
(Advice service available Weekdays 09:00 - 17:00 hrs, Saturday 10:00 - 14:00 hrs)

Online Quotes
I want a quote to cover my mortgage and related expenses.
I want a quote to cover my rent and related expenses.
I want a quote to cover a loan.
I want an quote to cover my income (Not recommended for mortgage, loan or rent cover)
I want total monthly benefit in excess of £2000 per month.
I want long term accident and sickness cover (Benefit payable up to age 65 Excludes unemployment).
I'm confused and need advice.

Redundancy insurance is often sold when you take out a mortgage loan or other regular commitment. This is generally the most appropriate time to take out a redundancy insurance policy as the initial unemployment exclusion for new loans and mortgages are much lower than if you attempt to take out unemployment cover for an existing loan or mortgage. However we would not generally recommend taking out a redundancy plan with your lender as the majority of the time the lenders policy will be more expensive than you can obtain elsewhere.

As well as covering you against redundancy, these plans can also be used to cover you against accident and sickness. We feel this is a worthwhile extension as the majority of people will at some point in their lives be unable to work due to accident or sickness.

Unless you have substantial savings we feel that income protection or mortgage protection is an absolute must for everybody. We have on occasion been asked by people whether this type of policy prevents you from claiming state benefits, our understanding is that current legislation does not classify benefit from accident sickness or redundancy plans as income, and therefore it does not exclude you from claiming benefit. However legislation does change and we would advise you to check with the benefits agency before taking out a policy

UKinsuranceNET is an independent broker with access to a wide range of sickness and redundancy insurance plans. In addition to offering online quotes we also offer an advice service. To get advice on redundancy insurance please call us on:-
0845 365 0030 quoting ref WS6