Why use Gocompare.com for your money products?
By their very nature financial products are complex and the prospect of reviewing your money matters can be quite daunting. But our research shows comparison sites are helping people become more money conscious and feel more empowered when making financial decisionsJohn Miles, Gocompare.com
Why choose Gocompare.com's unemployment protection insurance service?
With the help of PMI Partners you can compare quotes for unemployment protection insurance - also known as redundancy insurance - in one quick and easy search.
If you feel you need more information before making a decision, try our FAQs on redundancy insurance
Our simple-to-use forms will ask for your basic personal, contact and employment details, whether your job is permanent and your monthly income. You will also be asked if you're a smoker, and whether in the last 12 months you have been seen by a doctor, been treated by one, or arranged to see one.
The final section concerns the policy itself and will ask if you require cover for accident, sickness and unemployment, just accident and sickness, or just unemployment. The form is automatically set to cover mortgage payments, but there are alternative options to protect income, loan payments or rent payments, so just tick the income box. You'll then be asked to enter how much income a month you would like insurance cover for - you can choose from £100 up to 50% of your earned income, capped at a maximum of £3,000.
Our best-buy table will present the cover options with the name of the insurer, the monthly benefit available, the length of time you would have to wait after you stop working to the first payment (between one and 90 days), the maximum benefit period and the monthly premium. There will be a link to view the key features of each product, and the option to either request a call back or to go ahead and purchase online.
If you feel you need more information before making a decision, 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.