Protect Yourself From More Than Just Scary Halloween Monsters
Added: (Thu Oct 28 2010)
Pressbox (Press Release) -
Because I live in a village closely associated with witchcraft, like it or not, this is the time of year that spookiness can get under your skin. On Halloween night the Police will establish road blocks preventing anyone reaching our hilltop church. Yes, this is true. Many individuals have been know to get more than a little out of hand when looking for the witch purported fly over the church tower at midnight.
How can people still hold with such beliefs in this modern world? After all, there is so much more to be worried about than flying witches. To be scared, I mean almost hair standing up on the back of your neck scared, l would suggest considering the implications of these two UK statistics:
- Less than 50% of people have enough savings to cover 3 months outgoings (*Source:creditaction.org.uk/debt-statistics/2009)
- 41% of 25-34 year olds have less than £250 in savings. (**Source: Financial Services Forum Oct 2010)
With news of half a million jobs about to be lost in the Public Sector and potentially the same number from the Private Sector, the consequences for people with little money to fall back on are frightening. Forget witches at midnight and things that go bump in the night. This is enough to scare the bejesus out of anyone who thinks their job might be in the firing line.
These statistics are far more meaningful when cross checked with ‘real life’. YouGov undertook a recent poll for the Financial Services Forum and asked a nationally representative sample of people, in the event they were unemployed, which sources would they most likely to use to meet their debt payments. In response, 40% said from savings and another 20% said they did not know what they would do. It would seem at least half of those depending on their savings would soon be struggling if they were unemployed for more than 3 months. The £65.45 per week Job Seekers Allowance would not go far toward paying their bills.
Being out of work for six months or more is a nightmare scenario for anyone. However, for those who have Unemployment Insurance with a typical premium of £20 to £40 per month, at least they would be spared mounting debts and the almost inevitable credit blacklisting. These insurance policies will pay out for as long as a year if the policyholder cannot work. Even in these difficult times, this is usually long enough to secure another job. More importantly, they take the pressure off. Unemployment Insurance allows the policyholder time to get a good job, rather than being forced to take any job out of desperation.
Most people can cope with the rigours of finding work if they known they have enough money to pay their mortgage and their other important bills. Imagine the pressure of preparing for an interview surrounded by final demands and fearing phone calls from debt collectors, or worse, the Bailiff’s knock.
This cover makes so much sense for people who are unable to save enough to build a nest egg of their own. The premiums are only the equivalent of putting five to ten pounds away each week. This is a small sacrifice in the scheme-of-things. Unemployment Insurance will give protection to any family from the really scary things in life. At Halloween forget frightening pumpkin lanterns and don’t worry about witches and ghouls. It is far better to be insured to keep ‘the wolf from the door’ for all of the year.
Unemployment insurance and the different options available are explained in full on the i:protect website. Don't let the spectre of unemployment hang over working families at Halloween or any other time of the year.