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  • FIRST POST
    • youandiaredominoes
    • By youandiaredominoes 14th Nov 17, 6:25 PM
    • 65Posts
    • 2Thanks
    youandiaredominoes
    Does unemployment insurance exist anymore?
    • #1
    • 14th Nov 17, 6:25 PM
    Does unemployment insurance exist anymore? 14th Nov 17 at 6:25 PM
    Just a quick question, does mortgage protection insurance exist anymore if you lose your job? I've seen it advertised on comparison sites but I heard it is no longer available as a thing, just critical illness insurance will cover you if you are unable to work and cover mortgage repayments. Can anyone clarify please? Thanks saw
Page 1
    • Weighty1
    • By Weighty1 14th Nov 17, 7:14 PM
    • 262 Posts
    • 99 Thanks
    Weighty1
    • #2
    • 14th Nov 17, 7:14 PM
    • #2
    • 14th Nov 17, 7:14 PM
    Unemployment cover absolutely exists. Most brokers would have a range of providers for this type of cover.

    Long term income protection would also protect you if you were unable to work and is generally a more comprehensive option that critical illness cover as it covers your inability to work, rather than just a list of illnesses.
    • calltobala
    • By calltobala 21st Jan 18, 11:27 AM
    • 20 Posts
    • 4 Thanks
    calltobala
    • #3
    • 21st Jan 18, 11:27 AM
    unemployment cover
    • #3
    • 21st Jan 18, 11:27 AM
    Hello I ran few quotes for unemployment cover alone and Unemployment with accident,sickness cover.
    Only few provide these days for this type to cover 50% of your gross salary.

    Can someone please tell me how long they usually pay for unemployment cover, if one is out of job for redundancy in economic crisis for 120 days waiting period for unemployment? do they only provide benefits for 12 months only or beyond as well?


    Thanks
    • Weighty1
    • By Weighty1 22nd Jan 18, 9:18 AM
    • 262 Posts
    • 99 Thanks
    Weighty1
    • #4
    • 22nd Jan 18, 9:18 AM
    • #4
    • 22nd Jan 18, 9:18 AM
    The vast majority will only pay for a maximum of 12-months, although you may find some policies which pay out for up to 24-months.
    • stator
    • By stator 22nd Jan 18, 9:35 AM
    • 6,033 Posts
    • 3,978 Thanks
    stator
    • #5
    • 22nd Jan 18, 9:35 AM
    • #5
    • 22nd Jan 18, 9:35 AM
    I've only ever seen policies that pay out up to 12 months. Any that seemed to show 24 months policies, the 24 months only applied to sickness and the unemployment part of the policy only paid out for 12 months.
    I don't think you will find any longer than 12 months. Most people should be able to get some kind of job in 12 months. If you are healthy and can't find a job in 12 months you probably don't want to find a job.
    Remember that during that 12 months you have to prove that you are looking for work to the insurance company in the same way you have to prove it to the Jobcentre people too.
    Changing the world, one sarcastic comment at a time.
    • csgohan4
    • By csgohan4 22nd Jan 18, 3:19 PM
    • 4,299 Posts
    • 2,689 Thanks
    csgohan4
    • #6
    • 22nd Jan 18, 3:19 PM
    • #6
    • 22nd Jan 18, 3:19 PM
    income protection may be better if your out of work due to health reasons and it pays out more than 12 months
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
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