redundancy insurance big providers

keepsim · 17 June 2019 at 11:44AM

Hi Guys

So my company is going through some restructuring and I feels he could get impacted (hopefully not in next 3 -4 month) but later and looking for advice on redundancy insurance worth and options etc.

40 yr old
7 years been with the company.
40% tax backet
partner works part time (no taxable income)

So

1. Who are the big providers for redundancy insurance?
2. anything to be particularly aware of in small prints ?

MEM62 · 17 June 2019 at 1:40PM

Most policies will be sold on the basis that redundancy is not already on the horizon and/or that you have no reason to suspect that it could be a possibility. You would not fall into that criterion.

keepsim · 17 June 2019 at 3:58PM

MEM62 wrote: »

Most policies will be sold on the basis that redundancy is not already on the horizon and/or that you have no reason to suspect that it could be a possibility. You would not fall into that criterion.

Thanks, not sure I agree with that. How does it matter what I 'feel' to the insurance company, is it not what I have been 'told' offically that should matter? Ofcourse, I am not going to tell the insurance company anything and whoever buys these insurance probably many if not all buy because they might feel the need ?

Anyways, I was after names if someone can provide?

MEM62 · 18 June 2019 at 9:19AM

keepsim wrote: »

Thanks, not sure I agree with that.

You don't have to take my word for it. The question will be asked on the proposal form.

redundancy insurance big providers

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