Protect yourself with cheap redundancy cover
- 3RD AUGUST 2007
Protecting yourself and your finances in case you should become out of work can be done cheaply despite what the Press says. You don’t have to be a victim of the high street lenders’ greed and pay through the nose for payment protection insurance cover. There are standalone providers in the payment protection insurance market place who do offer cheap redundancy cover in case the worst should happen and you were to lose your income due to involuntary redundancy, illness or accident.
However the provider’s reputation is something you should consider when thinking of taking out payment protection. An ethical payment protection insurance (PPI) specialist will back up their products with advice and a solid reputation and this is what British Insurance, a standalone ethical payment protection specialist, does.
Cheap redundancy cover is all well and good but it is essential that you know the ins and outs of the policy; all policies have exclusions within them that could stop you from claiming. British Insurance give plenty of advice on this matter and all aspects of their products, they offer advice by way of information and facts that are in plain English.
Redundancy cover (also known as payment protection or income protection insurance) will pay out for up to 12-24 months after you have been out of work for a period of 30 days or more. It provides a tax-free fixed income which allows you to continue making the repayments on your commitments such as a loan or credit card.
However there are exclusions within a policy that could mean the product isn’t suitable for everyone so it is essential that you get the facts before purchasing the cheap redundancy cover. British Insurance make sure they give the consumer all the information needed to make that decision and of course, as they are specialists in the sector, they back up their products with many years' experience.
