Redundancy Protection PDF Print E-mail

In December 2011 the number of unemployed people in Great Britain rose to 2.64 million, the highest level since 1994. http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/december-2011/index.html

 

How it Works

 

Redundancy protection policies (often known as ASU or MPPI) can also cover you for accident and sickness, normally for up to 12 months.  All new policies will have a "qualifiaction period" where you will not be covered, this can be anything from 30 days to four months.

 

Once you have passed the qualification period you will be covered and should you be made redundant you would normally need to be out of work for 30 days before you will be eligible to claim on the plan.  You must register as unemployed and be actively seeking work to be eligible.

 

You can obtain an online quote here or it may be beneficial to call us on 01252 713600 to discuss your options.

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Roxburgh Financial Management is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Services Authority.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


WE DO NOT NORMALLY CHARGE A FEE FOR MORTGAGE ADVICE, HOWEVER THIS WILL BE DEPENDENT ON YOUR CIRCUMSTANCES. IF A FEE IS CHARGED OUR TYPICAL FEE IS 0.5% OF THE LOAN AMOUNT


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