Cheap unemployment insurance can give you a replacement income
- 2ND OCTOBER 2007
If you should find yourself out of work after being made redundant then you would be left struggling where to find the money each month to continue paying your essential outgoings such as your mortgage and loan repayments. If your circumstances permit it then cheap unemployment insurance can give you a replacement income to ensure that you wouldn’t get behind and risk getting into debt or face repossession.
Loan payment protection insurance can safeguard against the possibility of you getting into debt if you should become unemployed and mortgage payment protection insurance (MPPI) can insure you have the money with which to repay your mortgage and ensure you aren’t at risk of having your home repossessed. If you want to protect against a loss of income in general then income protection can be taken out to give you a replacement income up to a certain amount each month.
All policies would start to payout between the 31st and 90th day of being out of work and would continue for between 12 and 24 months with some providers. If you want cheap unemployment insurance then you have to shop around with the standalone specialist in payment protection and one such specialist is British Insurance.
British Insurance is headed by Managing Director Simon Burgess and Simon is considered to be one of the “good guys” in the sector. He explains: “Policies aren’t suitable for everyone and the lack of information regarding the exclusions is one of the reasons which has led to many big names in the financial sector receiving fines. More recently we have seen the Chief Executives of firms receiving personal fines as they continue to mis-sell the product – this action by the FSA I heartily applaud. For too long consumers have been ripped off by greedy companies who treat their clients with no respect whatsoever”.
British Insurance is more ethical and will give you the information and access to the key facts so that you can make sure that a policy is suitable for your needs. Cheap unemployment insurance can give you a replacement income but only if your circumstances allow it.
