Redundancy Insurance can be a really affordable way to protect yourself from the financial stresses around redundancy. The trick is to have your insurance policy in place… before redundancy is imminent. Typically, policies will kick in 30 days after redundancy and pay you for six months while you look for a new job. But it’s important to understand if this is the right insurance for you (business owners need different protections for example) so talk to us first.
Understanding redundancy insurance
Redundancy insurance is designed to pay you either a percentage of your usual income or a percentage of your mortgage (usually whichever is higher). Our job is to help you work out the right insurance for you. That means understanding your real costs against your assets. It means understanding how you could support yourself if your usual income wasn’t available to keep you financially afloat. Remember there are other insurance products that might be better for you. Our job is to help you get the right insurances at the best possible value.
Redundancy insurance extras
Income is only part of the equation – it’s about working out how to protect your assets and get you through a rough patch without losing everything you’ve worked for. It’s worth considering alternate protections such as mortgage protection insurance, disability insurance, and income protection insurance. Or if you’re in business; business income insurance, business overheads insurance and key person insurance. Talk to us and get the right protection for you, your family and your future… to enjoy the life you’ve earned!
Free review and free quote on your redundancy insurance
If you’re not sure what policies you need (or even, what you currently have) talk to us. Getting this right is so important to ensure you have the protection you expect in place. We give you a free, no obligation review and help you work out your priorities so you can continue to live the life you’ve always intended.