Unemployment insurance is designed to provide a monthly tax-free payment in the event that you lose your job. This will usually continue for 12-24 months, depending on the policy you take out.
Some of the expenses which unemployment insurance could cover include:
- A share of your mortgage payments or rent
- Some of your debt repayments such as credit card and loan payments
- Household bills
If you're thinking about getting unemployment insurance, otherwise known as income protection insurance, you can get an instant online quote today!