Redundancy cover, also known as unemployment insurance, is designed to pay out a tax-free monthly income to you in the event you unexpectedly lose your job. Whether you’re concerned about safeguarding your mortgage repayments or simply maintaining your existing lifestyle, redundancy cover can help to remove any financial fears and allow you to focus on finding a new job.
At LDNfinance, our experienced advisers can listen to your unique personal and financial circumstances before scouring our panel of insurers and underwriters for the most comprehensive redundancy cover. This is a specialist type of insurance that can supplement a sizeable percentage of your previous gross monthly income for a set timeframe, often for up to 12 or 24 months.
Protection for individuals that experience involuntary redundancy
When you consider that the ‘job for life’ working culture is slowly diminishing, the importance of protecting your income during periods of unemployment has never been greater.
Let’s discuss your unique personal and financial circumstances and arrange bespoke redundancy cover that helps you plan for the unexpected.