| If you know that things are getting worse do not wait | | | | payments or even your income against unemployment, |
| till you are laid off, contemplate over a career shift? | | | | accident or sickness. If you are self employed, you can |
| Before this, consider some technical courses or any | | | | still get your self covered under mortgage protection |
| workshop, training programmes so that you can build | | | | insurance. You can still get mortgage or rent protection |
| your new credentials for a change of career. You | | | | but not redundancy as you are not employed by |
| never know when you may be laid off. | | | | some one. |
| Remember that you are working for your employer | | | | Having a job meant long-term financial security before, |
| and he has the right to lay you off when ever he | | | | not any more. You may be thrown out of your job |
| wants. Legally speaking and on humane grounds this is | | | | any time. Very few people have the luxury of savings |
| not right. An employee must be given a notice period | | | | to fall back on, and if you do, why should they be |
| of 45 days before he is sacked off so that he has | | | | depleted when they're no doubt earmarked for |
| enough time to find another job. | | | | something else? Savings should not have to be used |
| You may not have enough money nor time to spend | | | | to maintain your lifestyle in the event of unemployment, |
| on your additional courses or training later when you | | | | but what's the alternative? It is income protection |
| are out of employment. So think over this now! The | | | | insurance, make use of this! |
| other tip would be to get your self an income | | | | -Safe guard up to 70% of your net monthly income up |
| protection cover so that you continue to get your | | | | to a maximum monthly benefit of £2,000 |
| income despite of being out of employment. You may | | | | -A choice of Back to Day 1 or Day 30 cover |
| use it for your mortgage payments, credit card bills, | | | | |
| mobile bills and other expenses such as medical | | | | -Have a 90 day initial exclusion period for |
| expenditure etc. One must plan a head and consider | | | | unemployment claims only |
| these options in order to protect one self in future. It is | | | | -The option to transfer in from an existing payment |
| difficult to lead a life with out any monthly earnings and | | | | protection policy if you qualify |
| no savings to resort to. Be prepared for your future. | | | | -You are free to cancel your insurance when you feel |
| These unemployment protection plans can be used to | | | | it is not necessary. |
| protect your mortgage payments, personal loan | | | | |