7/26/2011

Redundancy Insurance Cover Financial Succor in Times of Unemployment!

Have you bought a home? Then, you must have taken mortgage loan and used your house as an equity against these mortgages. Timely payments of your mortgages have been a problem for you due to your financial instability. You must be worried about losing your equity or collateral. Find peace of mind, by protecting your mortgage payments. Your financial instability may be due to the nature of your job, illness, injury at work or involuntary unemployment. Don't you think, you need to protect yourself from all unexpected occurrences and any disaster from breaking out in future? Reach out insurance cover to protect your payments.

Redundancy Insurance Cover not only covers your mortgage payments, but they also help you meet your daily expenses by paying out a portion of your salary or full monthly income. In addition to this, loan payment, credit card dues, LIC payments will be covered by the insurance policy when you are unable to work due to some injury, or temporary illness. It covers you for a period of 12 months or till you resume back to work. In case you have lost your job due to your low performance or other reasons, you will be covered till you find a new job. Mortgage payment protection cover may be provided to you by your mortgage lender itself or you can reach out a separate insurance provider who offers you better insurance rates and terms. Some of the payment protection cover offers you salary or monthly income. Just spend some amount of your salary in such insurance premiums and get additional income benefits. You can use this insurance not only to protect your income in times of a catastrophe but also use this to avail tax exemptions on your salary. Thus, it serves dual purpose to you. Get suitable payment protection cover against your non-payment issues! Compare various insurance policies online, and get a favorable deal.

Deciding the time span of benefits that you want to get from PPI (payment protection insurance) when encountered with such an ailment becomes difficult, opt for something which offers you greater scope or find out from experts what would be the best insurance cover for you. Let them know all your income sources and your employment details, which helps the insurance expert analyse your situation. He then, helps you make an informed decision. Do not leave any stone unturned in getting the most competitive insurance deal.

About the author:
Kirthy Shetty, Expert author, platinum status. Get more information on: Income Protection Insurance

For more information on: Redundancy Cover

Article Source: http://www.Free-Articles-Zone.com


Article tags: income protectionpayment protection insuranceredundancy protection insuranceincome protection insuranceredundancy coverunemployment coverredundancy insurance
 

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