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Payment Protection Insurance
In today`s challenging work environment and due to the global economic downturn, there is a real concern for many people regarding the security of their job with the threat of being made redundant ever increasing. The biggest fear for many is that they may struggle meet mortgage payments or pay other financial commitments should they be made redundant. As people try to protect themselves against loss of income, they may opt for cover in the form of the controversial Payment Protection Insurance (PPI). Payment Protection Insurance is there to cover you should you fall ill, have an accident so you are unable to work or lose your job. Although this type of insurance can offer you the necessary cover you require there have been many instances where people have been mis-sold the insurance cover. This had lead to complications when trying to claim against the policy and has also left people paying far more for their policy than they should. Following this, it has recently been announced that people who believe they have been mis-sold Payment Protection Insurance (PPI) have now been given extra time to take their cases to the Financial Services Ombudsman. This specifically applies to people who have had a complaint rejected by the firm that sold them the loan, meaning they now have upto six months to take their complaint to the Ombudsman. At its peak, nearly 150 people a day registered official complaints regarding PPI with almost a third of the total number of complaints relating directly to controversial insurance payment product.

Employment insurance will help you keep from going bankrupt if you lose your job!

If you live in Canada, then you might want to think about employment insurance. Essentially, employment insurance is just a way for you to insure your income in the future. While you are still working, you pay premiums - and usually these will not be too expensive. Then, if you lose your job in the future, you`ll be allowed to apply for extra unemployment benefits - essentially, you are insuring your income for the future. This is a good idea if you feel that you are in any risk of losing your job.

One thing to keep in mind, however, is that you will not be eligible to get the benefits of employment insurance if it is your fault that you have lost your job. However, if you lose your job due to lay-offs, or because there is not enough work, or if your employer goes out of business, then you are probably eligible. You also have to be without work for an entire week straight and that you have done enough work in the past year to be eligible.

As far as how much money you will get from your claim, how much your premiums cost and how many hours you have to work in order to be eligible, those numbers vary from place to place. Therefore, if you want to find out exactly what you`ll need to do in order to be eligible for employment insurance should you lose your job, you should contact a government office and ask.

You can check to find out where you need to apply or where the nearest office is. If you are nervous about applying for employment insurance online, then you can go to the office that is nearest to you and apply there.

If you are worried that you could lose your job at any time in the near future, then you should definitely start paying the premiums for employment insurance. As long as you are eligible for this insurance then you will not have as much to worry about if you lose your job. All you`ll have to do is fill out the claim after you lose your job, and you`ll start getting your employment insurance benefits.

Don`t wait! If you live in Canada, you should apply as soon as possible!