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I worked it out that I should profit from it, if I get made redundant in the next 13 years. Very rare to have a job for 13 years these days I'd think. Max $9000 payout 13 x $660 = $8580 Other factors come into play, I may not be out of work for very long etc. Just gives me some...

I'm not sure I worded that correctly, it's a 'waiting period'. So you have to pay 6 months of the premium before you can claim. Meaning, if you take it out today, you cant claim until June 18th. So if you get made redundant before 18th of June, bummer. But anytime after, you can claim.

Just curious as I recently took out redundancy insurance extra with my policy. Premium is an extra $55 a month. Cant claim in the first 6 months since taking out this extra cover. Pays out $3000 a month for 3 months on being made redundant.

Any of you guys have redundancy insurance attached/optioned to income protection?