Welcome to Cheapest Unemployment
Protection UK !

You're just one click away from saving money! Cheapest Unemployment Protection UK make it easy and quick for you - we have banned those annoying "popups" on all cheapest sites - if you spot any or want to get in touch with us about other matters please click on the Cheapest Offer link at the bottom of this page!

To get started, simply click on "Apply Now" and choose the type of Unemployment Protection that suits your needs. Thank you for stopping by, and be sure to bookmark this site!

About Unemployment Protection

Even if you are performing well at work, economic conditions that you would not have thought about could mean your company needs to cut back, and your role may be made redundant. Think about what would happen to you in this case. If you had no income for a few months, would you be able to afford your mortgage? Would you be able to afford to pay back your loans? Would you be able to pay off your credit cards? If not, you could lose your home.

Many people feel that they will be OK if they are unemployed for a while because their savings will see them through helped by government benefits. Well, firstly the government will not help you until you hardly have any savings, and even if they do, what you get is derisory. In 1994, the then Chancellor of the Exchequer used his budget to announce that he wanted to stop people depending on the state for their mortgage payments should they become unemployed. From April 1995 people who are unemployed with a mortgage get no financial assistance for the first 2 months and only 50% of their interest paid for the next four months. This was added to in October 1995 when new borrowers would not receive any benefits from the state for the first nine months of their unemployment.

Unemployment Protection - It's Up To You!

So it is up to you to make sure that you are protected as the safety net that used to be the welfare state is gone. How can you do this? Income protection insurance pays you a monthly amount if you are unable to work because of illness or disability. It goes on paying until you get better and return to work, or you die or reach the policy termination age, usually your expected retirement age. The maximum benefit you can insure is around 60% of gross (pre-tax) income although this figure does vary from insurer to insurer.

Some income protection policies use a with-profits or unit linked investment base, either as a technical mechanism to keep premiums low, or to give a cash return on retirement.

There are a vast number of Insurers with a bewildering array of policies, this can confuse even the most experienced among us whilst searching for the right type of policy. To help you, here at Cheapest Unemployment Protection UK we have produced a list of recommended providers, along with a glossary to help you understand some of the ever changing jargon that is used in the financial industry and some pages that contains, we hope, the right information to help you make an informed decision.