Redundancy Cover
Redundancy cover is an insurance you buy that can keep money coming in should incapacity or unemployment strike.
Redundancy Cover
This redundancy cover comes under the umbrella of Accident, Sickness & Unemployment insurance.
The benefits from this redundancy cover can be paid for up to 6 or 12 consecutive months per claim giving you breathing time to search for new employment or recover from an accident or sickness.
Redundancy Cover as Mortgage Protection
Ant's redundancy cover for mortgage protection can protect your monthly mortgage payment plus up to an extra 25% for other household bills
• Cover up to 75% of your gross monthly income to a maximum
of £1500 per month
• Back to Day 1 (0 excess) or mix and match excess periods
to reduce your premiums
• Cover for Employees, Self employed, Contract workers,
Sub-Contract workers and those with more than one job
• Legal Help line for help with redundancy and tax issues
• Carer Cover for unemployment is included
• Back to work service is included
• All benefits are tax free
Redundancy Cover as Income Protection
Ant's redundancy cover for income protection (co-branded as Lifestyle Protection or Loan Protection as they are the same product), protects all or part of your income and using this option you may protect your major outgoings including loans should you lose your income due to Accident, Sickness or Unemployment.
• Cover up to 65% of your gross monthly income to a maximum
of £1500 per month
• Back to Day 1 (0 excess) or mix and match excess periods
to reduce your premiums
• Cover for Employees, Self employed, Contract workers,
Sub-Contract workers and those with more than one job
• Legal Help line for help with redundancy and tax issues
• Carer Cover for unemployment is included
• Back to work service is included
• All benefits are tax free
It is important to get redundancy cover before the occasion arises when unemployment or incapacity are impending. If you wait you may be ineligible to join a redundancy insurance scheme or the exclusion clauses within payment protection policies may disallow any claim.
