Mortgage Insurance / Redundacy

Muffin24

Hi
I'm looking for some help/advice. I've been told I at risk of being made Redundant and my mortgage insurance policy with First Call Group advise that they would pay up to 12 months if I was made redundant via compulsory redundancy. Would the policy still pay out if I went on to study in that year or do I have to actively look for new employment?
Thanks in advance.

vaio

I'd bet you would need to be looking for a job and signing on for JSA

Nothing to stop you studying in your own time though, providing you'd be prepared to give it up if you found a suitable job

For a year you'd probably avoid having to go to job clubs or workfare which do waste a lot of time

dunstonh

Would the policy still pay out if I went on to study in that year or do I have to actively look for new employment?

You need to sign on as unemployed and be actively looking for work. The insurers frequently check on this by asking to see letters and responses.