Redundancy Cover

What is Unemployment Insurance Cover

Should you become involuntarily unemployed your Unemployment Cover Insurance plan would provide you with a monthly tax-free income, providing you with peace of mind. Typically an Unemployment Cover 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.

With millions now unemployed and more of us now at risk of involuntarily redundancy, it makes sense to put some provision in place to cvover the potential loss of income, and financial responsibilities. Although in some circumstances you may get a 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 Insurance Cover plan.

Contact Insurance recommends British Insurance Accident Sickness & Unemployment insurance, both for its competitive prices and the exclusions on the policy are some of the best in the business.

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.