Unemployment Cover
It’s something most of us have never really thought about, but how would you cope financially if you were made redundant involuntarily?
With 2.261 million of the population in the UK unemployed due to the current economic climate more and more of us are at risk of involuntarily redundancy. Although in some circumstances you may get a healthy redundancy package or you may find alternative employment. If you find yourself without an income for weeks or months, thinking about how you will pay monthly bills such as your mortgage, credit card or loans can become a financial and stressful burden. A simple way to combat this financial burden would be to take out an Unemployment Protection Insurance plan.
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At Contact Insurance we aim to provide you with the right policy at the right price, which is why we search the entire Insurance market to find that right policy tailor made to suit your needs.
How it works
Should you become involuntarily unemployed your Unemployment Insurance plan would provide you with a monthly tax-free income, providing you with peace of mind. Typically an Unemployment plan can be taken for 12 or 24 months – providing you the time to concentrate on finding alternative employment that is suited to your skills.
Policy Requirements
• Must be aged between 18-64
• Been working for a long period of time and work a certain amount of hours a week
• Be employed in the UK.
Unlike other insurance policies such as Term Life Insurance, Unemployment Insurance policies are not normally medically underwritten. This means there is no need to fill out any questionnaires relating to your medical history, and your doctor will not be requested to write a report on any medical treatment you may have received.
For more information on Unemployment Cover please call 0800 328 5773 and on of Advisers will be happy to help.
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