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Redundancy insurance is also known as unemployment, accident and sickness insurance. Redundancy insurance protects one from defaulting on a mortgage payment or other financial obligation in case one loses their job.

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12y ago

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What are the benefits of redundancy cover?

Redundancy insurance cover is an income protection policy that pays you monthly benefits if you are to become involuntarily unemployed. Redundancy cover is suitable for anyone between the ages of 18 and 64.


What are the benefits of redundancy?

Redundancy insurance cover is an income protection policy that pays you monthly benefits if you are to become involuntarily unemployed. Redundancy cover is suitable for anyone between the ages of 18 and 64.


What does the term redundancy insurance refer to?

Redundancy insurance is known as accident, sickness, unemployment insurance. Redundancy insurance is designed to pay you monthly benefits if you lose your income from accidental and sickness.


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Credit card protection is a form of insurance which an individual can take out with an insurance company. If the individual becomes unable to pay off their credit card debt due to illness or redundancy for example, the insurance will cover the debt.


What is the purpose of insurance redundancy?

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no you do not carry the gap insurance over a new loan as they are to different types of finance.Insurance is to cover a car. A new loan is completely seperate and you would have to take out a different policy to cover the loan such as sickness and redundancy cover.


Would redundancy insurance be good for a young family?

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