This is a time of year where most of us are with our families, but that doesn’t mean that all of our thoughts need to be on fun and entertainment. The truth is that the New Year will be on top of us before we know it. This means that you’re going to have to make sure that you have things taken care of for your family’s sake. For example, do you really know what would happen if you were made redundant? Would you be able to pay your bills, or would be stuck spinning your wheels wondering what to really do?
That’s something that you need to be cautious about. Just because you have some savings in the bank now doesn’t mean that they will last long enough for you to find another job. Unemployment insurance can cover multiple situations, but the truth is that you really have to start looking before you need it. Why? Well, it’s simple — there is often a waiting period that has to pass before you actually qualify for the benefits that you’re trying to get. Once that waiting period ends, however, you get the money that you need to take care of yourself. How long can unemployment insurance cover you? Well, it can actually protect your family for just to 24 months. Did you know that unemployment isn’t the only thing that it can cover? You can be protected in the event of accident and sickness?
Now, as UK residents and citizens, we have benefits from the Government that can help us out in a pinch as well. Unfortunately, there’s no telling how long it will take for those to kick in. The Government can be delayed due to how many people are trying to be processed for this type of thing. You really just have to make sure that you have all of your ducks in a row on your own. This is a private solution that could actually benefit you more than meets the eye.
Trust us — nobody really thinks that they’re going to be made redundant. Nobody really thinks that they’re going to have to suddenly struggle to take care of their families. But this market is becoming more and more uncertain, and that means that we all need to do what we can.
The next step that you need to take would be to compare the market options. Just going with the first insurance policy is a waste of time as well as money. The first choice usually isn’t the best choice. You need to ensure that you’re comparing policies in an “apples to apples” manner. This sometimes means that you’re going to have to ask some tough questions to get down to the bottom of things.
Please do not assume that unemployment insurance is going to match your salary pound for pound. It won’t do that. However, you can get pretty close. In addition, you may also want to add on other products to your policy, such as bill protection insurance, loan protection or even mortgage protection. If you have the extra money in your budget, you really can’t go wrong with this high degree of protection for your family.
Check it out today, while it’s still on your mind.