We’ve all seen the job cuts over the past 12-24 months, and unfortunately, it seems there are more to come with an ever increasing burden on financial markets and the fallout of the european economies.
We get asked a lot about insurance for insurance for redundancy or involuntary unemployment insurance, which used to be a common benefit with many insurers until about 2008 when redundancies were like Minties, being given ut everywhere.
Because Jarickson is an insurance broker, we have access to a large range of insurers giving valuable impartial advice. This gives us the ability to offer a benefit in the event that you were unfortunately laid off from your job.
Redundancy insurance protects you & your family from defaulting on mortgage payments & other financial obligations in the event that you lose your job.
One of the best covers available is if you have a current Commonwealth loan, be it personal, home loan, business, car, etc. If you are involuntarily unemployed, you will be paid the minimum monthly loan repayment up to your monthly benefit.
Premiums for this type of cover are tax deductible, which also makes it a more attractive option. Contact Us
today to find out how easy it is to set up protection for your mortgage repayment insurance.
You can also call one of our advisers for a simple chat on 1800 674 435.