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Redundancy Insurance
With these policies you can be financially secure even when you are not working. Very simply Mortgage Protection or redundancy insurance will allow you to protect a proportion of your income within a maximum amount. With the help of the policies at least, you can claim some money during emergencies and you could get the benefit cover amount for up to 12 months for the period you are at home.
You can claim the coverage amount for 12 months but the payments would then cease. To be entitled to claim again you have to work for at least the next 6 months. It is the safety net that will allow you to keep your home and your lifestyle as you are waiting to get well again.
To protect your mortgage you should adhere to the Mortgage Protection Insurance that helps you save your income. But first, lets get you started with a mortgage redundancy insurance policy.