Can You Protect Your Salary in Case of Redundancy? How?

-Payments

-Payments

-Income

-Medical bills

Think of a day when you would be redundant and are unable to meet up your basic needs. You cant resume to work nor do you have any savings left. How will you eke out your living? It is such a nightmare isnt it?

What can you do to protect it?

If you enroll for income protection policy, you will definitely be able to safe guard all your payments. In addition to your grocery bill payment, mobile payment and other electricity bills you can also cover up your medical expenses. More over, you get a supplementary income in place of your actual salary. Meet your emergency financial needs and get rid of your debts too.

The number of people who are unemployed has hit 1.64m - increasing by 38,000 in the three months to the end of April. Economists believe this figure may reach 2.3m by the end of next year, which would be the highest level since 1996. Hence there is a need for payment protection Insurance.

These cover your monthly repayments on your most important bills if you are forced out of work by an accident or an illness, or are made redundant. However, most customers are interested in the last.

Even in case of your inability to work, you can reach out to your insurance company to make your mortgage payments. This will also save your house from being confiscated. This way you can pay back your entire pending amount even in case of loss of job, accident, sickness etc.

Please be informed that no insurance company will pay you if you are already getting some income benefits from your office such as paid leave benefits or sick leave benefits. There is no scope for dual income benefits. Insurance company will let you have your three square meals in peace. Unhampered by loss of job or loss of income, your insurance company will cover your financial needs. Get the right coverage and safe guard your income in times of calamity.

Ever since, there has been a financial crunch, lots of them have lost their job. But at the same time, mortgage payments had soared high making people helpless. They stopped spending and got into serious problems due to loss of job. Take a wise move and you can avert such situations in future. Do not be a victim to the economic crisis, act now!

Can You Protect Your Salary in Case of Redundancy? How?

By: Vijay Koragappa Shetty

POST COMMENT

What Do You Do When Losing Your Soulmate How Can You Ensure That You Get Regular Income? Incredible Luxury Properties In Dubai How Do You Get Over Her That Dumped Who Broke Up With Me How Do You Get Over Her That Dumped And Stop Worry What does a GHS Label and SDS incorporate? What To Know About Table Lamps What Does Declared Value Mean? Severe Anxiety Disorder- The Shocking Truth About What You Will Have To Face If You Do Not Get Help! Beware of that Mole-like Thing He Broke My Heart Jesus What Can I Do Is It Ok To Talk To An Ex - I'm Sick And Tired Should I Contact My Ex What Can I Do