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Why choose Gocompare.com's unemployment protection insurance service?
We've partnered with ActiveQuote to compare unemployment protection insurance policies and provide quotes from a range of leading UK insurers. ActiveQuote also offers free, independent advice from its team of product specialists.
If you feel you need more information before making a decision, try our FAQs on redundancy insurance
Unemployment insurance, also known as redundancy insurance, is a short-term income protection policy providing cover for up to 12 months should you be unable to work due to involuntary redundancy. It can be used to protect your income, mortgage payments or loan and credit card repayments.
You choose what you want to protect and how much you receive as a monthly benefit, bearing in mind that you can typically protect up to 65% of your gross annual income. Consider how much of that you want to insure as the amount of cover you choose will be reflected in your monthly premiums.
Our comparison software will ask you to enter your personal details, gross annual salary and desired level of cover. You can select specific requirements such as your preferred monthly benefit and waiting period. You'll also be asked details about your current employment situation such as your occupation, how many hours you work, whether you're a temporary or permanent employee, and how long you've been in continuous employment.
On the results page you can compare each policy in an easy-to-use table that displays details of the monthly benefit, policy term and waiting period, plus background information on each product provider. By using the specific filter options you can compare policies that cover you for unemployment insurance, or income protection insurance policies that cover accident and sickness as well as unemployment. The key features document of each policy is also available.
Subject to your circumstances, you'll either have the opportunity to purchase online or be given a number to speak to the insurance provider about your chosen product. For further information you can talk to one of ActiveQuote's team of product specialists for free, impartial advice that can help you find the right policy suited to your budget and needs.
If you'd rather do your own research, you could try our income protection guides and our frequently asked questions on unemployment protection insurance. These can help you with the basics, such as whether you need redundancy insurance, how much premiums cost, how long you can claim unemployment insurance for, and how much a policy will pay out a month.
There's plenty to read about product areas such as debt repayments, wait periods and policy lengths, and you can find out more about typical exclusions, plus other things you should look out for before making your decision.