Income Protection for Unemployment
There are a number of insurance companies that specialise in providing customers with income protection in the event of job loss. This type of cover is generally only available for people who have been employed for a certain length of time and have not been informed by their employer that there is a risk of redundancy.
Most insurers who work in this field will tend to offer income protection on a short term basis that is designed to provide income protection for unemployment for a set period e.g. 12 months.
If you are searching for a short term income protection insurance quote use the table below:
A short term policy for unemployment will generally cover the policy holder for a period of 12 months, with maximum payout of £15,000. The level of cover provided is intended to assist help policy holders support themselves until they find alternative employment.
When Adam Thompson’s employers were unexpectedly put out of business, supporting his family, paying his bills all while looking for a new job could have been incredibly difficult without the cover he received.
‘My income protection insurance really came through for me; I was able to concentrate on finding a new job without any added worries about paying my mortgage and supporting my family’.
Happily, 4 months later Adam was back on his feet in secure working environment, the cover he received provided him and his family with invaluable financial support.