Anyone know owt about redundancy insurance?

Discussion in 'Bulletin Board ARCHIVE' started by Dyson, Jul 31, 2013.

  1. Dys

    Dyson Well-Known Member

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    Is it the same as PPI? Anyone got it and can recommend a company?

    Cheers.
     
    Dyson, Jul 31, 2013
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  2. Marc

    Marc Administrator Staff Member Admin

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    Go to moneysavingexpert and/or moneysupermarket. Lot of info on there. But you only tend to insure against repayments of a loan. Usually mortgages (MPPI) PPI was linked more to loans and cards. MPPI usually comes in form of ASU, or accident/sickness/unemployment
     
    Marc, Jul 31, 2013
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  3. Lee

    Lee140983 New Member

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    Similar but you can either have it as standalone insurance or along side accident and accident.

    Most insurers offer it but the terms and conditions are a nightmare, especially when it comes to waiting periods before you can claim etc.

    Set one up for a client today through Legal and General, worked out at £24 a month for £1000 cover.

    A lot depends on your job and sector, (the more likely you'll be made redundant, the higher the premium).
     
    Lee140983, Jul 31, 2013
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  4. Lee

    Lee140983 New Member

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    It's income protection you want, not payment protection.
     
    Lee140983, Jul 31, 2013
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  5. Con

    Conan Troutman Well-Known Member

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    I've got mine through Allianz. £22 per month.

    Previously I had mortgage cover which was £5 per month and gave £400 worth of cover. It was a God send.
     
    Conan Troutman, Jul 31, 2013
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