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Mortgage PPI

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  • Sammy_Girl
    Sammy_Girl Posts: 3,412 Forumite
    opinions4u wrote: »
    There will also be a period of time from redundancy to payment that they will exclude. For example, if you are made redundant on 1st July it's possible that no benefit will begin to accrue on the policy until 1st August (or 1st September or 1st October).

    Its back to day 1 cover. Payable every 30 days.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Sammy_Girl wrote: »
    It is a bit of a crappy choice. Basically the PPI (if they pay 125% of the whole payment not just my half) plus Cont based JSA will equal what I will get (give or take a couple of pounds) after the 50% pay cut. I've had a quick look online at other jobs and will sit down tonight and work on my CV. The industry I'm in is notoriously male dominated, and they always seem keen to take on more females, so hopefully there should be something out there. I can't get my head round taking home 50% less than what I used to for the same job and actually working more hours with more pressure with no guarantee that usual salary will return.

    Hmmmm.
    No guarantee that they won't make you redundant a few months down the line for a lower pay-off either.
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