In today’s uncertain financial climate, many of us are under risk of redundancy or unemployment through no fault of our own.
We cannot predict our job security now or in the future, so choosing to protect your income in the event of redundancy is a real consideration.
What if your employer was to go bust? Could you find yourself in the position of still being able to pay any ongoing financial commitments such as your mortgage, car insurance, finance, any personal loans, utility bills; nevermind the day to day living costs such as grocery shopping, heating, etc. With a redundancy cover/ a redundancy insurance policy in place you can continue working in the knowledge that should you find yourself unemployed through no fault of your own then you will be paid a tax free monthly income to help with your finances / living costs, etc. Payment Protection Insurance is optional. For impartial information about insurance, please visit the website at Money Advice Service (by clicking the link you are now leaving the Response Mortgages website, and we are not responsible for the content of external sites)