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Unemployment Insurance Question
hulahoop09
Posts: 689 Forumite
Hiya
We currently have life insurance with a payout of 90k and also have mortgage protection (with halifax) which includes unemployment. We are considering moving to another company who we have our life insurance with as they are great but the policy they offer doesnt have unemployment cover. Now I (sometimes unfortunately :rotfl: ) have no chance of being made redundant (I know never say never) and to be honest hubby doesnt really either but he is more likely and wants unemployment insurance which is fine. Now I have found the unemployment with a sperate company for not too much and all works out at less than what we paid with halifax. They are asking for monthly cover in £'s we require. Now does this need to be the cost of the mortgage (which our other insurances cover for), his monthly wage or whatever figure we want? I was unsure on how this worked!
Thanks!
We currently have life insurance with a payout of 90k and also have mortgage protection (with halifax) which includes unemployment. We are considering moving to another company who we have our life insurance with as they are great but the policy they offer doesnt have unemployment cover. Now I (sometimes unfortunately :rotfl: ) have no chance of being made redundant (I know never say never) and to be honest hubby doesnt really either but he is more likely and wants unemployment insurance which is fine. Now I have found the unemployment with a sperate company for not too much and all works out at less than what we paid with halifax. They are asking for monthly cover in £'s we require. Now does this need to be the cost of the mortgage (which our other insurances cover for), his monthly wage or whatever figure we want? I was unsure on how this worked!
Thanks!
July 2013 wins: Lilac Skoot, Night out for 2 at Nandos & Cineworld
Best wins so far: £500, GHD styler, Tassimo T40 Machine
Best wins so far: £500, GHD styler, Tassimo T40 Machine
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Comments
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Ongoing thread on M&E folks.
As that one already has replies, suggest we continue with that, unless OP wants to continue here?
https://forums.moneysavingexpert.com/discussion/comment/56749441#Comment_56749441I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
The other is great thanks. Sorry about that. Tried to close this one but not giving me the option. Lol.July 2013 wins: Lilac Skoot, Night out for 2 at Nandos & Cineworld
Best wins so far: £500, GHD styler, Tassimo T40 Machine0
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