ALL >> Investing---Finance >> View Article
Asu Protection - Which Is The Right Policy?
Accident, sickness, unemployment cover is quite essential. To beat out an economic disaster such as recession, it is important to have redundancy protection policy in place. Incase recession strikes in and your company looks out to downsize, then you may lose your job. In such circumstances it is important to have an insurance policy in place so that your income is protected. To meet the exceeding bills is a big head ache, and it is a nightmare if you are out of employment for some inevitable reason.
Sickness, accident, redundancy and unemployment may throw one in a state of despair. The state of being ‘out of employment' may kill your mental peace. You feel helpless in such a situation and to handle financial pressure is a tough task. Besides your health problems, there arises financial scarcity too. Handling medical bills and other quintessential expenses may be yet another daunting task. What can you do to avert such a financial calamity?
Although, it would be difficult to stop an eventuality from occurring, you can reduce the implications of it. Accident, Sickness and Unemployment (ASU) usually affect ...
... a person's earning capacity. He may be out of employment, temporarily or permanently. He may get incapacitated for long. He would be unable to keep up with the mortgage payments and risks his security pledged. These ASU implications can be reduced to a large extent if a proper policy is put in place.
Benefits are payable when the policy holder is out of employment due to a bed ridden situation or redundancy. These benefits may be paid out to you for a period of two years by which time you must have found another job. Some policies may cover you for a longer period. Benefits are paid out regularly and the income earned through insurance cover is free of tax.
Kirthy Shetty, Expert author, platinum status. Get all your free tips related to: Income Insurance
Get more information on: Redundancy Protection
Add Comment
Investing / Finance Articles
1. How To Prepare Your Gold Jewellery For SaleAuthor: vedpandey
2. Maximizing Your Investment Potential: Benefits Of Using A Sip Calculator
Author: Famaedward
3. Diversification Across Asset Classes: Benefits And Limitations
Author: Lynelle
4. What Factors Can Affect Your Mortgage Rate?
Author: Bloom Home Loans
5. Impact Of Ai On Esg Assessment: What Asset Managers Need To Know
Author: By Inrate Team
6. Jumbo Reverse Mortgage: Exploring Benefits, Limits, And Top Lenders
Author: Jack Rayn
7. Achieving Long-term Financial Success: Proven Investment Tips
Author: Daniel Stewart
8. Understanding Online Payday Loans: Your Complete Guide
Author: Daniel
9. No Credit Check Payday Loans: A Fast Financial Solution
Author: Daniel
10. The Future Of Superannuation In Western Australia: Trends And Changes
Author: Daniel Stewart
11. Understanding Nft Dapps: What They Are And How They Work?
Author: Cryptoreach
12. Uae E-invoicing Mandate: A Comprehensive Guide
Author: Aakash Parikh
13. All About Private Keys In Blockchain
Author: TechDogs
14. Understanding Public Key Cryptography In Blockchain
Author: TechDogs
15. Bergercpafirst: The Best Accounting And Financial Services Provider In Manhattan And Nyc
Author: HubraSEO