Advice needed on redundancy insurance?

Question

There are uncertain times in the industry I work in and many redunancies at other locations within my company and in other companies. I live alone and have a mortgage and could not survive without my wage. My savings would only pay my bills for a couple of months because I have a massive mortgage (only way to get on the ladder right now!). I just wondered if it's worth getting redundancy insurance. Has anyone any experience of it? Is it worth it?

Answer 1

Try this site -

http://www.annualholidayinsurance.net

It will definitely help you.  

Answer 2

Most Payment Protection Insurance (PPI) policies are a waste of money and do not provide anywhere near the cover needed.  There are also too many loopholes & get out clauses.

Don't waste your money.

Answer 3

Easy question,no.Not solvable question,no.Check out this information,your answer might be here.

http://insurance.freetipz.info/insurance...

Answer 4

Term life insurance is often touted for its "pure insurance protection," which includes none of the cash value features inherent in whole life policies. Term life insurance covers you for a specific period of time - as short as one year, or as many as 10, 20, or even 30 years. You can also buy term insurance that covers you until you reach a certain age, usually 65 or 70. Term insurance policies expire at a set time.

Answer 5

talk to an independentt financial adviser