A Simple Guide To Who Can Benefit From Unemployment Insurance
Very few people have unemployment insurance in terms of the percentage of working age individuals living in the UK at the moment. Far more have house insurance, car insurance and pet insurance, and yet not one of those entities can help you to make it through enforced time off work. If you are made redundant then there is no going back to work and this could seriously endanger your lifestyle, and even your health as a result of the levels of stress.
Unemployment insurance can actually provide a whole host of benefits for certain individuals, although certain characteristics and circumstances can render an individual ineligible for the cover. For example, to hold an unemployment insurance policy and be able to claim on it if the worst should happen, you would have to be between the ages of 18 and 64, although that may change in the future as a result of older individuals being allowed to work well past retirement age if they so wish.
Of course, there is always a waiting period from the time that you take the policy out until the time that you are deemed eligible to claim, and this may be within...
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