All About Unemployment and Worked Related Disability Insurance: Update Jan. 01 - 2010 All About "Short Term Unemployment Disability Insurance" By Insurance Experts

If you become disabled through injury, sickness, or other circumstances and have not been able to work for a year (long term disability), then you may be eligible for social security disability insurance (SSDI) benefits. If your application is approved, you can collect the social security disablity insurance benefit until age 65 when is the time the benefit is transfered to the pension program.

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Redundancy Insurance and Unemployment Cover a Buyers Guide

By John A Garcia

The uncertain economic climate has for the majority of us left us feeling concerned about being made redundant. This has driven a need to find suitable redundancy cover should you be in the firing line. With so much bad press about redundancy claims being rejected now more than ever should you choose your redundancy insurance with care. This is how?

All policies have exclusions comparing just cost is a false economy if you are to have cover that provides benefits and not excuses when you make a claim. To find the most suitable redundancy cover you going to need to know what to look for.

Common redundancy exclusions:-

You need to be in permanent employment from 6 months before the claim event occurred (some providers will ignore short breaks)
Your employment ended at the end of a fixed term (annual contracts that have been renewed more than once maybe classed as permanent and not excluded from a valid claim)
You were dismissed as a result of misconduct
You were NOT UK resident
You accepted voluntary redundancy
New policy initial exclusion typically 120, 90 60 days or the best policies are only 30 days. This means if you get notified of redundancy within this time frame after just starting your policy the insurance company WILL NOT pay out
You were not eligible to claim contribution based job seekers allowance (not a requirement of all redundancy insurance)

The last exclusion can be difficult to establish if you are for example a foreign national working here for some years, as the benefits system is not clear and even if you do phone the department of work and pensions they are not much help in clarifying if you would be eligible.

Exclusion 7 can also catch you out if you don't pay national insurance contributions because your earnings are low.

Most providers will link redundancy cover to your mortgage payments and or your income and is typically limited to the lower of 50% of your gross income or 130% of your mortgage payments plus related costs.

This can cause problems for the self employed and anyone with a mortgage as mortgage payments, and income will fluctuate causing occasions when your over insured and others when you are under insured.

There are providers that will allow redundancy cover benefits that are unrelated to your earnings or any debts you have and this may suit you if you need more cover to cover all your living expenses.

Can you have cover with more than one provider?

There are occasions when you may need cover with more than one provider as the maximum cover offered by the best provider may be insufficient for you protection needs.

You can have more than one policy but you need to ensure that you don't exceed the limit imposed by both redundancy insurance providers when the benefits are combined or if they do with one that are happy for you to get additional cover elsewhere.

However if your cover is mortgage related redundancy insurance you cannot have double cover to overlap to cover the one mortgage to exceed the typical 130% of the mortgage payments and related costs. You should always check with each of the insurance providers to ensure that they will not deduct the benefits payable by the other if you were to claim and get this in writing maybe by posting your question by email.

We understand redundancy insurance cover, and the need for quality cover that will payout when you need it to. We can offer redundancy insurance from the whole market but choose and select the few we feel offer consumers the best cover and deal in the market.

Plus as a extra bonus we give you opportunity to WIN an iPod touch worth £165.

Visit quoteme4.co.uk for quality redundancy insurance and protect all your income not just your debts.

Article Source: http://EzineArticles.com/?expert=John_A_Garcia

Supplement Disability and Unemployment Insurance Can Prevent Foreclosures and Bankruptcy

By Marilyn Katz

Reasons For Mortgage Delinquencies

We went right to the source to find out the major reasons that families get behind on mortgages and bills: Freddie-Mac. Almost half of the mortgage delinquencies were caused by unemployment and loss of income! The second factor that caused families to get behind on their mortgages was a family illness. An illness could prevent a wage earner from working, and while Americans may have health insurance, many are not covered for disability. A much smaller percentage of Americans were simply over extended, or actually had a death in the family.

Can We Prevent The Causes For Mortgage Delinquencies?

We cannot prevent layoffs, and it seems like we get the news every day about large companies cutting back on staff. Many American workers, through no fault of their own, find themselves out of work. This can happen very suddenly and the workers have no chance to prepare themselves.

A worker may take months to find another job, or they may have to take a job for much less money because they have an urgent need to pay bills. Even when state unemployment insurance kicks in, the amount is usually much less than the income it is replacing. A normal state unemployment check may cover groceries, but will not pay a mortgage or keep the lights on.

In the case of illness or accident, there is no way to go back to work. If the worker has no disability coverage, it can take month or years to qualify for social security disability benefits, even if the worker can qualify at all!

Private Mortgage and Unemployment Insurance Provides Peace Of Mind

If you are employed, and are responsible for monthly bills like mortgages, utilities, and grocers, then you will want to consider a private mortgage insurance policy. The plans are easy to quote and apply for online, and they will provide security at a very affordable price. If you do not have any disability insurance, this is an affordable and simply way to obtain that important coverage. Even if you do carry some disability insurance at work, you can still obtain this plan, and since you own this plan, you do not have to worry about keeping it if you lose your job!

But most important, disability and health insurance will not cover you for involuntary job loss! However, we can tell you how to do that. You can continue your life, secure in the knowledge, that even if you job ends, your financial security will be extended. You can look for the right job, instead of taking a job in a panic.

Even though these private unemployment and mortgage protection policies are easy to apply for, and do not require health questions, some limitations apply. For instance, the qualification for unemployment benefits is generally the same as the qualification for state unemployment benefits. However, even if you do not think you qualify for that portion, because you are self employed or a business owner, you can certainly take advantage of disability or life benefits with no health questions.

Make sure you talk to a licensed representative or read further to make sure they fit your own needs.

Visit us for more information about Disability and Unemployment Insurance Online. Protect your home and finances with one quick Mortgage and Finance Protection Online Quote Form.

http://www.best-mortgage-protection.com/

Article Source: http://EzineArticles.com/?expert=Marilyn_Katz

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