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Because we cannot foresee what will happen to us in the near future, protecting yourself against unemployment could be a very wise choice.
What if your employer was to go bust? Could you find yourself in the position of still being able to pay any ongoing financial commitments such as your mortgage, car insurance, finance, any personal loans, utility bills, Never mind the day to day living costs such as grocery shopping, heating etc.
With a redundancy cover / redundancy insurance policy in place you can continue working in the knowledge that should you find yourself unemployed through no fault of your own then you will be paid a tax free monthly income to help with your finances / living costs etc. You even have the option of adding accident & disability cover to your policy.
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