UNEMPLOYMENT INSURANCE - JOB LOSS

01/09/2010

Don‘t rely on the state for help in keeping your home if you lose your job. If you want protection you need to arrange it yourself.

Until very recently, if you lost your job through no fault of your own, you would be eligible for benefit relatively quickly. But these benefits do not include having your mortgage paid - for the first nine months of signing on, you receive nothing. After that you will only get a limited amount of help - it will only pay the interest up to a certain amount (usually £200,000) and will not help with paying back the capital, any investment policies associated with your mortgage or any insurance. You’re also unlikely to receive any help if you have more than £16,000 in savings or if your spouse/partner works.

Argent Consulting Comment

With a panel of thirteen different insurers Argent Consulting are able to source products to suit the large majority of clients. We will give advice on the best Unemployment Insurance to meet your needs and we will help you choose one that is within your budget.

A mortgage payment of £500 per month can typically be insured for ‘Redundancy Only’ for less than 50 pence per day, and the first benefit payment being made one month after redundancy, it makes sense to take cover to protect your home.

To obtain a quotation for Unemployment Insurance, please complete the short contact form below and an advisor will contact you.