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income protection insurance

fabio11
fabio11 Posts: 99 Forumite
in Insurance & life assurance
Hi
I am going to be redundant in 2-3 months time. Can someone please recommend some good income protection insurance scheme?

Do I need to have policy for some time before I can make a claim or I can make claim anytime.
Many thanks

Comments

  • lisyloo
    lisyloo Posts: 30,113 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need to have a policy before you know you're going to be redundant.
    Sorry but you won't be able to take it out now to cover your forthcoming redundancy.
  • ganonman
    ganonman Posts: 153 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 29 August 2010 at 12:04PM
    As above says, as soon as you are aware of an impending redundancy, you will not be able to get income protection.

    Even if you manage to get a policy (as some companies don't check until you try to claim), any claim you try to make will just be rejected.
    "A bank* is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain."

    (*Unless it's Santander. The branch says they sent you an umbrella 3 times already and don't understand why you don't have it yet and want it back right now!!!)
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