Redundancy policy - no cover for 60 days but expected to pay premiums!?!

This is because if you are made redundant within 60 days you will (probably) know about it now, thus there will be an opportunity for people to defraud them.

tim

So don't take the policy. Whether you will find another which pays immediately is another matter.

You mentioned you had all sorts of other cover "through my work". I guess these lapse upon redundancy? Perhaps you need to reappraise the whole matter of cover?

"Jas" wrote

Haven't you thought that the premiums would actually be *higher*, if you didn't pay them for the first 60 days?

Yeh. Agreed it is a bit of a con. There are some though that will do free premiums for this first 60 days.

Also, the payments are defintely tax free and don't affect any unemployment benefits you may also be able to claim if made redundant.

Be aware, however, that the insurance companiues will do what they can to avoid paying at all !!!!

Try paymentshield for a decent policy (nothing to do with them just got one of their policies which is resonably priced).

Try

Yeh. Agreed it is a bit of a con. There are some though that will do free premiums for this first 60 days.

Also, the payments are defintely tax free and don't affect any unemployment benefits you may also be able to claim if made redundant.

Be aware, however, that the insurance companiues will do what they can to avoid paying at all !!!!

Try paymentshield for a decent policy (nothing to do with them just got one of their policies which is resonably priced).

Try