Redundancy Insurance.
Redundancy insurance policy types explained.

What is a redundancy insurance plan?
A Redundancy insurance policy provides an income in the event of redundancy. Normally redundancy insurance policies are linked to mortgages and offered by building societies as part of a mortgage package.

Benefits form a redundancy insurance policy start after a deferred period and normally pay out only for a maximum of two years. They may be restricted to a percentage of earnings subject to an overall maximum.

Benefits from a redundancy insurance policy.
Generally the benefits from a redundancy insurance policy are not taxable, therefore lump sum benefits are paid tax free.

For redundancy Insurance we usually offer products from a selected panel of providers.
 

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