UK redundancy insurance & loan protection against unemployment

Our redundancy insurance products are now available online - follow this link to see the redundancy insurance products we offer.

If you are worried about losing your job you need redundancy insurance protection? Our redundancy insurance policies offer mortgage protection and income protection insurance - also known as accident, sickness and unemployment (ASU) insurance. Both are available online.

In the present climate redundancy insurance is very important. If you have a mortgage or other loan (especially secured on property) you definitely need it. What you may not realise, however is that even without any loans you need cover because you have other ongoing expenses e.g. credit cards, gas and electricity bills etc which must be paid. The advantage of our product is that it is NOT a requirement that you have any loan before you can take out the policy. In fact you may find it better to cancel your existing policy with your lender!

We offer two forms of redundancy insurance - one is designed and restricted to mortgage payment protection only whilst the other is more suitable for general income protection - after all even if you are sensible enough to have redundancy cover to protect your mortgage payments there are still other incidentals such as gas, electricity, food, clothing, council tax.

Our two policies are available on-line with immediate application forms and the facility to print out policy wordings

Mortgage Payment Protection Insurance (MPPI)

• Available for up to 65% of your gross income or £1,500 per month benefit. You can select redundancy cover alone, disability cover alone, or combined cover. The policy has the option of either a 30 day or 60 day excess and the combined rate of £3.75 is incredible!
• Our UKmortgagesafetynet Product: Available for up to 65% of your gross income or £1,500 per month. You can cover mortgage payment and up to 25% extra. There is no excess ('Day One' benefits after 30 days). Unemployment rate is £2.45% and combined rate £3.95%

Mortgage protection insurance, mortgage payment protection insurance, income protection insurance and loan protection insurance

• Available for up to 50% of your gross income or £1,000 per month benefit. Again you can select redundancy cover alone, disability alone or combined. Example rates : Single cover (disability) : £3.50 / £100 / month: or £4.00 redundancy only - combined rate : £5.00 / £100 / month and the policy only has a 30 day excess!
• Our 'Day One' policy: available for up to 75% of your gross income or £2,500 per month or £1,500 per month as mortgage payment protection or loan protection. 

Additional Benefits

• Both policies offer the benefit of no initial exclusion period if you transfer to the scheme from your pervious policy subject to the previous policy being in force for at least six months and no claims having occurred. Another proviso is that you must not already be insured through the same underwriter.
• You may decide whether to include your spouse on the policy or not. You can then decide whether to split the benefit you receive depending on which of you becomes unable to work, or both of you insure for the same amount.
• Our policy covers people who are self-employed and directors who own more than 10% of the company (the definition is then 'cessation of trade' rather than being made redundant.

As insurance brokers, we like to discuss your needs for redundancy insurance so please contact us on 0844 8262616 and we can discuss your requirements.