What Is ASU Insurance and Does It Provide Cover For Unemployment?

You may need cover for unemployment if you and your family are heavily reliant upon your ability to earn an income.

What is sometimes overlooked though is that unemployment may arise for many reasons – and not all of them to do with redundancy.

Various other things may rob you of your ability to earn money for yourself and your family, including things such as accidents and non-trivial sickness.

Now it may be that you consider those sorts of causes to be soundly covered by your employer’s schemes – after all, if you’re off with a bad cold you typically still get paid don’t you?

Well, unfortunately, it may not be quite so simple.

Some employers’ schemes may pay out the full salary for a period of time but that may be only a question of a few weeks. After that, you may drop down to 50% salary levels and eventually to nothing at all.

So the question is, could you manage on a massively reduced level of income if you were off sick for several months?

If you have your doubts, you may be interested in the cover for unemployment and other issues (such as accidents and sickness) offered by ASU (Accident Sickness & Unemployment insurance).

Such policies may be able to provide you with financial income for up to a period of typically around 12 months – time for you to concentrate on getting better or finding replacement income in the case of unemployment.

Gruesome as it may sound, if you are thinking about protecting your income, don’t forget to consider life cover insurance also.

Unfortunately, not only conditions such as those covered by an ASU policy may deprive your family of your financial contributions and that’s why life cover may be worth thinking seriously about.

So, unemployment cover is typically available and it may be worthwhile finding out a bit more about ASU policies.