Income protection insurance - redundancy, unemployment, accident and sickness

The Need for Redundancy Insurance

Today, in the UK, there are record levels of debt - credit cards, loans, mortgages all have to be paid for. If, however, you lose your job through redundancy, unemployment or are unable to work due to accident or sickness, you will not have the income to service those debts - which may escalate at an alarming rate.

Is Redundancy Insurance all I may need?

Normally no! Although you may have adequate accident and sickness cover provided through your employer, if you lose your job you would probably lose these benefits and our experience is that most people do not consider adding on the benefit if they become unemployed. You should bear in mind that a redundancy insurance (or unemployment insurance) policy will only pay out if you are off work AND eligible to receive job-seeker's allowance: if you are ill you would not qualify for this benefit and thus could not claim under the policy.

How Much redundancy insurance cover should I consider?

First, and most important is your mortgage payments. Unemployment insurance may keep your home from being re-possessed provided you find work in the 12 months after losing your job - or if you are unable to work due to a disability and you extended the policy to include accident and sickness insurance.

We have available redundancy insurance cover to protect your mortgage payments:

BUT you have other monthly expenses as well! Such minor things as council tax, telephone, gas, electricity, servicing credit cards and personal loans. Just protecting your mortgage payments will not be sufficient. The policy above allows additional cover up to the same as your mortgage payments.

We can offer a valuable extra income protection insurance policy to cover some of these additional costs - and adding accident and sickness cover is remarkably cheap.

Income Protection Insurance - online redundancy insurance

• No mortgage needed!
• Up to £1,000 per month cover available
• Can be taken as well as our mortgage protection policy.
• Rates: Combined income protection from £3.50, A/S only £1.8 (rates for under 30s) good rates for under 40s 

This product is NOT suitable for people working in the IT industry

About our online redundancy insurance provider

We have chosen to refer you to a website owned and operated by Burgesses Limited who are specialists in income protection insurance.

Burgesses Limited has been recommended in a large number of local and national newspapers and magazines including The Times, The Telegraph, The Guardian, The Mail on Sunday and The Financial Times. In addition, its products have topped Which? ‘best buy’ surveys and it is the exclusively appointed provider of protection insurance to the members of The British Insurance Brokers’ Association (BIBA).

When you click to go to the Burgesses Limited website you will be able to get a no obligation and confidential instant redundancy protection insurance quote, together with all the information you require to apply online for income protection insurance.

Burgesses Limited are directly authorised and regulated by the Financial Services Authority under registration number 302674.

Please be aware that responsibility under Financial Services Authority regulations will therefore be assumed directly by Burgesses Limited if you purchase income protection insurance from them.

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