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Should we purchase insurance rather than claim benefits? watch

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    For example, I pay for an insurance policy that pays my wages for a year if I lose my job through redundancy, accidents, or sickness. To that end, I wouldn't be subjecting myself to the Job Centre. My parents also had an insurance policy that paid the mortgage for a set amount of time if they lost their income.

    Should there be more of a focus on privately insuring yourself rather than expecting the taxpayer to look after you?
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    Yeah! We could call it.......National Insurance.
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    (Original post by Chadya)
    For example, I pay for an insurance policy that pays my wages for a year if I lose my job through redundancy, accidents, or sickness. To that end, I wouldn't be subjecting myself to the Job Centre. My parents also had an insurance policy that paid the mortgage for a set amount of time if they lost their income.

    Should there be more of a focus on privately insuring yourself rather than expecting the taxpayer to look after you?
    Errrr we do...?

    Dumb ass.

    btw payment protection insurance had a bit of a track record of being dodgy - its been in the news a bit, costing banks a bit of money right now.

    Jeez.
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    (Original post by Clip)
    Yeah! We could call it.......National Insurance.
    National Insurance is simply a tax that pays for **** like JSA.
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    (Original post by Chadya)
    For example, I pay for an insurance policy that pays my wages for a year if I lose my job through redundancy, accidents, or sickness. To that end, I wouldn't be subjecting myself to the Job Centre. My parents also had an insurance policy that paid the mortgage for a set amount of time if they lost their income.

    Should there be more of a focus on privately insuring yourself rather than expecting the taxpayer to look after you?
    Why? The end result is the same, you're paying for for someone else being out a job. what's the difference? Though tax no one is lopping off 10% or more so they can make a profit and when you claim benefits you're far less likely to be refused the payments you've earned.
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    (Original post by Chadya)
    National Insurance is simply a tax that pays for **** like JSA.
    Well, yes, that's what makes it national insurance. It's insurance that everyone pays towards, and everyone can claim from if they are out of work.

    The main difference in practice if everyone was expected to have insurance instead is that if you've never made enough money to be able to pay into one of these insurance schemes, you will never be able to get any benefits. Perhaps some people would consider that a good thing, but I think there are some legitimate cases where for some reason it hasn't been possible for someone to work.
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    (Original post by Rainingshame)
    Why? The end result is the same, you're paying for for someone else being out a job. what's the difference? Though tax no one is lopping off 10% or more so they can make a profit and when you claim benefits you're far less likely to be refused the payments you've earned.
    Since its effectively the same, the OP is wrong and so a dumbass.
 
 
 
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