"Many people have an increased and ongoing fear of being made redundant, meaning that products that offer unemployment protection have never been more important."
Unemployment cover was pulled by all providers last spring due to the pandemic and Assured Futures has now relaunched a new comparison of accident, sickness and unemployment (ASU) insurance.
Assured Futures is working with four ASU providers - National Assurance, Paymentcare, Income Bee and Income Secure - to offer one year ASU cover via a panel, using a new and improved underwriting process.
Ian Sawyer, commercial director at Assured Futures, said: “Due to the outbreak of coronavirus, unemployment insurance was pulled from the market. Our new ASU comparison brings together a panel of four specialist providers to offer income protection not only in the event of an accident or sickness, but also forced redundancy, something we know has been missed from the market and will be in high demand going forward as people continue to live with job uncertainty as a result of the pandemic.
“Many people have an increased and ongoing fear of being made redundant, meaning that products that offer unemployment protection have never been more important. It is therefore crucial that ASU is brought back to the market, and we are pleased to be one of the first to do so.”