Employment insurance offers cover for a range of things, including a share of:
- Your income
- Mortgage payments
- Household bills
- Credit card or loan payments
Falling behind on your payments can mean a damaged credit rating, or worse still, having your home repossessed if you don't keep up with your mortgage, but employment insurance could provide a monthly, tax-free payment in the event that you are unable to work or you lose your job.
Benefit is usually payable for a maximum of 24 months.
Alternatively, if you think you have been mis-sold payment protection insurance, click on the link below to make a complaint today: