What is accident, sickness & unemployment insurance?
Commonly known as ASU, accident, sickness and unemployment insurance is ideal for those who are concerned about how they would cope financially if they
were to lose their job, either through long-term ill health or redundancy. These kinds of policies can be taken out in line with any existing debt
problems in mind so repayments can still be made.
One important factor to consider is that the majority of ASU policies come with a time limit attached, meaning payments will only be made for a set period.
This time limit can range from a few months to years, and the longer your policy covers the more expensive it is likely to be.
There are also certain restrictions to contend with e.g. you may be denied a policy if you are found to be at risk of unemployment.