Unemployment Insurance

Unemployment Insurance

Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU).

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  • The FSA recently announced that should the economy see further drops in unemployment and rises in interest rates the Middle Class familis of the UK will be hit the hardest. Such vulnerability is shown due to the increased amount of borrowing over the years and can only be seen as more bad news should these two [...]
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  • The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, to £13.7bn and the market was entitled as being ’surprisingly strong’. The latest figures from the CML show that UK mortgage lending was up 3% in December compared with the same month a year earlier. A CML economist said [...]
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