In these uncertain times, we are all taking considerable measures to save more and spend less of our hard earned money. We are facing our fears and realizing that unemployment can become a reality for all of us. Financial experts tell us that, ideally, we should have enough money in savings to get through 6 months of unemployment. In actuality, there’s probably not enough savings in our rainy day fund to get us through much more than a few weeks.

The Government Gives You Minimal Unemployment Income Protection

The Federal government instituted unemployment benefits during the great depression. However, the government will give you no greater than 50% of what your previous salary was, and there is a set maximum you are able to receive each week. It’s unlikely that unemployment benefits will be enough to pay your bills-- let alone support the quality of life you’re used to. You should also know that if you are self-employed and can’t find work, you are not eligible for government unemployment benefits.

Insurance, Insurance, Insurance

There are several insurance policies you can sign up for that will give you unemployment income protection. The three policies you should seriously consider are income payment protection insurance, mortgage payment protection insurance, and loan payment protection insurance. All three types will support you through the stress of unemployment.

Unemployment Income Protection for Your Salary

You depend on your salary to pay your bills, buy food, keep your home, and put gas in your car. Income protection insurance will give you a monthly lump sum, tax free, to keep your quality of life intact. When taking out a policy, you determine the amount you will receive each month based on your salary. This is the broadest form of unemployment income protection as you decide where to put the money that comes in. It is also the most policy with the highest premiums. Should you become unemployed, you have a safety net of cash flow waiting to catch you.

Unemployment Income Protection for Your Mortgage

Your biggest monthly payment is likely to be your mortgage. If your home goes into default, not only do you have the anxiety of being unemployed, you and your family can soon face foreclosure. Unemployment mortgage protection insurance will pay your mortgage loan for a certain amount of time. This policy will safeguard the future in your home and give you time to get back on your feet and enter into the work force again.

Unemployment Income Protection for Your Loans

Unless you’re an above average American, then you have several lines of revolving credit requiring a monthly payment. Loan protection insurance is designed to pay your monthly debt obligations in full. This policy will take care of the basics such as your school loans and car payment.

Getting Started

With all the forms of unemployment income protection available, you don’t have to go a single month without the cash you need. Find an insurance agent online or locally to help you decide if this type of protection fits your needs and concerns. Do your research and get started finding the unemployment income protection that will meet your needs today!

You need to work more than part time, and self employed individuals and seasonal and temporary employees are not eligible for mortgage payment insurance. Companies may even consider how long one has been self employed as well.

You may want to consider this protection if the loss of your job would put your family in a hardship position. Consider the cost of the monthly premiums, the likelihood of loosing your job, and the potential stress and financial difficulty that would come from difficulty in paying your home loan to decide if this protection is right for you. Take charge of your financial future and do your research to see if mortgage payment protection insurance is right for you!



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

Having Insurance coverage for your wedding may be the single most important investment you could spend on your wedding day, with all insurances there are several different options available to cover your risks and unforeseen occurrences which could affect your wedding day. Policies can start as low as 160 pounds in the United Kingdom so its a wise decision to take out an wedding day insurance policy.

Here's a list of typical coverage if you take out an wedding insurance policy:

1. Lost wedding rings - repair or replacement cost if the rings are damaged or lost.

2. Severe Weather conditions - If natural disaster affects your wedding you will be covered.

3. Formal attire - repair or replacement if brides or grooms attire is damaged or lost.

4. Lost deposits -reimbursement for your deposit if a supplier goes out of business, declares bankruptcy before your wedding, or simply fails to show up on the wedding day.

5. Photos - If the photographers film is defective or negatives are damaged or lost, the cost to re-shoot the photos is covered.

6. Military Action - If the room or bride is called into action and misses the wedding, the cost to postponement is covered.

7. Damaged Wedding Gifts - If your gifts are damaged you will receive the repair cost o replacement cost.

8. Illness to bride and groom - If the wedding cancelled due to an illness you will get reimbursement.

9. Venue Insurance - Liability insurance will cover you if a guest gets injured or causes damage to property.

10. Additional Expenses - if a supplier last minute not available for your wedding, you are reimbursed for the difference in cost.

So there is a potential for a lot of things that could happen to your wedding plans, so taking out a wedding insurance would not be a bad idea. After purchasing the insurance policy you can rest at ease that you have covered yourself for any of the unforeseen circumstances that could happen.


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

Most weddings will end up costing more than a car, and would you drive your car without insurance? but most future husband and wife will risk their wedding plans without any insurance. If you compare the cost of house,car and personal insurance you will see wedding insurance costs far less. So a relatively small amount of money for your wedding insurance premiums will bring peace of mind.

Wedding insurance policies will cover you against certain circumstances that will affect your wedding day, if weather is to affect the wedding or the reception until it needs to be cancelled then your covered. The same policy will cover you against the car supplier or caterer not turning up and even if bride or room as an accident that makes attending impossible you will be happy to know your covered too. For a low wedding insurance premium your policy will cover all of your wedding day suppliers and events and compensate which can leave you in a difficult situation.

When you start to plan your special day one of the first thing that you should do is get wedding insurance, this is too ensure before you put deposits or pay in full for anything you have the insurance policy in place to cover you if the other party lets you down.

A good wedding insurance policy will cover you for the following items:

* Cancellation of wedding (it won't include cold feet)

* wedding attire-including rings and dress including groom, brides maids and best man

* Cancellation of wedding venue and reception

* Suppliers- caterer,flowers, photographer etc

* Personal accident liability for bride and groom

* gifts

Planning and organising your wedding can be a very enjoyable and fun experience as it leads up to one of the most important days of our life's. We don't except anything to go wrong and normally it does not, but it's very reassuring to know if anything ever does go wrong you have wedding insurance to give you peace of mind. When you start to plan your wedding day and confirm the suppliers, take out your wedding insurance policy at the same time. This will give you the maximum period of cover and you can now focus on your special day knowing you have insurance for your wedding.



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