Redundancy Cover Can Be A Safety Net And Give Peace Of Mind
Redundancy cover can be taken out to protect against the fact that you might find yourself out of work due to being made redundant. While the cover just guards against involuntary redundancy, you can also take out additional cover to insure your income against coming out of work due to accident, sickness and unemployment together.
Redundancy cover can be taken out in the form of mortgage payment protection, income protection or loan payment protection insurance and it can give great peace of mind and security by providing you with a tax free monthly income that ensures you could continue to pay your essential outgoings.
Mortgage payment protection insurance (MPPI) will give you a monthly tax free income so that you can carry on paying your mortgage repayments each month you continued to be out of work, this means that you wont get behind on your mortgage repayments and risk repossession.
If you have loan repayments to make each month then loan payment protection will give you the money with which to carry on meting your loan repayments. Finally, income protection insurance would give you a...
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