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Unemployment Cover
An unemployment policy will pay a monthly amount for up to 2 years if you are made redundant.
“I worry we won’t be able to pay the bills if my partner loses his job”.
Wright and Pryce recommended:
- Unemployment cover that pays £550 per month after you’ve been off work for 90 days.
Cost: £18.82 per month
Based on 30 year old male. Quoted on 8/2/10.
The maximum job seeker’s allowance benefit is £65.45 per week (Source www.direct.gov.uk)
It is not just employed people that can be covered by unemployment policies. If you are self-employed, many polices will pay out if you involuntarily cease trading. Ask your advisor for more details.
