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Redundancy/Income protection - 120 days initial
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Company officially announced today that there would be redundancies in the next month.
I currently dont have a mortgage protection policy and noticed that most of them stipulate a 90/120 day wait period if you're 'aware' of being made redundant.
I guess if I'm redundant this time around, I've had it even if I start a policy today but I guess it could be OK for maybe 6 months down the line.
What exactly counts are being 'aware' of redundancies? Company announcement that there are going to be, or an official 'at risk' letter for your position?
I currently dont have a mortgage protection policy and noticed that most of them stipulate a 90/120 day wait period if you're 'aware' of being made redundant.
I guess if I'm redundant this time around, I've had it even if I start a policy today but I guess it could be OK for maybe 6 months down the line.
What exactly counts are being 'aware' of redundancies? Company announcement that there are going to be, or an official 'at risk' letter for your position?
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