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Unemployment Cover

Finding yourself out of work through no fault of your own such as being made redundant or the company you work for going bust can be disappointing at the best of times but the financial consequences with your loss of income can prove to be catastrophic.

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The importance of unemployment cover
Suffering redundancy or finding yourself unemployed through no fault of your own can impact your finances and lifestyle considerably

Also known as ASU cover (accident, sickness & unemployment cover), Unemployment cover will continue to pay you a monthly income for 1-2 years (policy dependent) until you can return to work or find alternative employment.

This income is free from income tax and can be used to continue paying your most important obligations such as your mortgage, loans, car finance agreement and even be used to cover your utility bills or even weekly/monthly grocery shop.

Unemployment cover can be linked directly to your mortgage or loans so that it continues to pay your monthly mortgage / loan repayments and this policy will usually decrease throughout its term inline with your mortgage loan.

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