Income Support When You Need It Most

Tailored protection to help you stay on top of essential expenses while focusing on your next career move.

Protect Your Income During Job Loss

If you’re concerned about unexpected job loss, Redundancy Cover from WealthGrow provides financial support for essential expenses while you search for your next role.

  • Monthly income support for up to 6 months
  • Helps cover essentials like rent, mortgage, groceries, and bills
  • Reduces financial stress during your job search
  • Complements Income Protection and Mortgage Protection
  • Ideal for those with dependents or significant monthly expenses.

How Redundancy Cover Helps

A safety cushion when you need it most.

  • Monthly income support for up to 6 months after involuntary redundancy
  • Fast access to funds after a short waiting period
  • Works alongside Income Protection (illness & injury)
  • Supports essential day-to-day expenses

Eligibility & Key Exclusions

Make sure you know what’s included.

You may be eligible if you:
  • Work full-time or part-time on a permanent contract
  • Have been employed for at least 6–12 months before redundancy
  • Are actively employed when taking out the policy
Redundancy Cover won’t apply if:
  • You resign or accept voluntary redundancy
  • Employment ends due to misconduct or poor performance
  • A fixed-term contract naturally expires

You were aware of pending redundancy when applying

Why Choose Redundancy Cover with WealthGrow

Get support before, during, and after you need to claim.

  • Tailored cover options from leading NZ insurers
  • Expert guidance to structure cover alongside Income Protection
  • Simple claims support to access funds quickly
  • Annual policy reviews to keep your protection relevant
  • Peace of mind knowing your essentials are covered during job loss

 

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