Redundancy cover ensures that you can pay your mortgaged or rent and other major monthly outgoings should you be made redundant. It pays a tax free income in the event of becoming unemployed. It continues to pay a percentage of your income for a maximum of 24 months or until you secure another job.
In the event of redundancy, the policy provides financial stability by ensuring essential costs such as rent can be met and also helps you maintain your standard-of-living.
You can choose the amount of cover you need (typically up to a maximum of 50% of gross income) and the policy pays out a fixed tax free income for a maximum of 24 months or until you secure another job
Cover is also available if you are self-employed and there is an option to add cover to replace your income lost in the event of an accident or sickness
We’ll find the best priced policy on the market to suit your needs
We can cover all of your insurance needs, giving you peace of mind from one contact point
Our advisors will explain the details of your cover over the phone in plain English; so it’s easy to arrange and there are no forms to fill in
Each year we review your policies to ensure they match your needs and offer you the best value
Legal Helpline to help you with redundancy matters and tax information
Flexible deferred periods allowing you to choose when your benefit payments start