Jump to main content of pageaccessibility informationSitemap
24 Nov 2024
Get a Cheap Income Insurance Protection Quote Get an Instant Quote Today! Go Direct Best Protection Quote Price Guarantee
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

'Redundancy proof' yourself with income protection cover

Should you have redundancy income protection cover

Taking out accident, sickness and unemployment cover has been recommended as one of the ways in which consumers can "redundancy proof" their finances.

In an article published on MSN Money, experts from comparison site BeatThatQuote.com noted that unemployment in the UK has risen to a level last seen in 1995 as the economy suffers.

They quoted the latest data from the Office for National Statistics, which revealed that the number of people claiming unemployment benefits has reached a 12-year high, with more than 2.43 million individuals now out of work.

Consumers in employment should therefore look at ways of protecting their earnings by having accident, sickness and unemployment cover, which can come in handy in case of redundancy.

This protection "can cover a proportion of your income if you are made redundant, have an accident or become too ill to work", explained the experts.

However, those taking out this cover should ensure they shop around for the best deals, check all the exclusions that may be contained in the policy and consult an advisor.

Other life protection products worth considering include income protection insurance and critical illness cover.

Do you want advice on Income protection insurance?

After looking through the income protection insurance information if you would like Income protection Advice, complete our life insurance inquiry form and we will contact you to discuses your income protection insurance and protection needs.

You may also be interested in:

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600