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    • nightsky224
    • By nightsky224 6th Jan 18, 10:56 PM
    • 818Posts
    • 543Thanks
    nightsky224
    Redundancy insurance
    • #1
    • 6th Jan 18, 10:56 PM
    Redundancy insurance 6th Jan 18 at 10:56 PM
    My husband has unfortunately been made redundant. We do have redundancy insurance but worried that we won't meet the criteria.

    In the t&cs it says that no benefit will be payable of you accept voluntary redundancy, resign or retire

    He is being paid more than stat redundancy and has to sign a contract to state that he accepts the voluntary severance offer

    So !!!!!!!g annoying, have a feeling we have waisted money on the insurance... am hoping I'm wrong, anyone been through similar or have advice?
    Recently married and loving it x
Page 1
    • _shel
    • By _shel 7th Jan 18, 6:14 AM
    • 1,110 Posts
    • 1,878 Thanks
    _shel
    • #2
    • 7th Jan 18, 6:14 AM
    • #2
    • 7th Jan 18, 6:14 AM
    My husband has unfortunately been made redundant. We do have redundancy insurance but worried that we won't meet the criteria.

    In the t&cs it says that no benefit will be payable of you accept voluntary redundancy, resign or retire

    He is being paid more than stat redundancy and has to sign a contract to state that he accepts the voluntary severance offer

    So !!!!!!!g annoying, have a feeling we have waisted money on the insurance... am hoping I'm wrong, anyone been through similar or have advice?
    Originally posted by nightsky224

    If heís accepted voluntary redundancy no it wonít pay out. If he hasnít and the contract is wrongly worded he needs to have it corrected to claim.
    Thanks to everyone who posts competitions
    • Xbigman
    • By Xbigman 7th Jan 18, 7:37 AM
    • 2,980 Posts
    • 1,231 Thanks
    Xbigman
    • #3
    • 7th Jan 18, 7:37 AM
    • #3
    • 7th Jan 18, 7:37 AM
    Which is worth more, the potential insurance payout or the bit of extra redundancy money. Your husband is in the lucky position of being able to refuse voluntary redundancy and lose nothing. Don't knock it.
    He needs to go back to his employers and tell them he can't sign anything because of the insurance position and take it from there.



    Darren
    Xbigman's guide to a happy life.

    Eat properly
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    Save some money
    • nightsky224
    • By nightsky224 7th Jan 18, 8:26 AM
    • 818 Posts
    • 543 Thanks
    nightsky224
    • #4
    • 7th Jan 18, 8:26 AM
    • #4
    • 7th Jan 18, 8:26 AM
    The redundancy is worth more and it's also been signed and sealed. By saying he has accepted voluntary severance pay is that classed as voluntary redundancy?
    Recently married and loving it x
    • TELLIT01
    • By TELLIT01 7th Jan 18, 9:35 AM
    • 4,421 Posts
    • 4,645 Thanks
    TELLIT01
    • #5
    • 7th Jan 18, 9:35 AM
    • #5
    • 7th Jan 18, 9:35 AM
    The document refers to voluntary severance so I suspect the insurance company will say that is voluntary redundancy and won't pay out. No help to you, but when redundancies were announced at one place I worked I made it clear that I was willing to go but would not put anything in writing, or sign anything which implied it was VR for that very reason.
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