Retrenchment Protector
Why
The thought of being retrenched is a scary one. You will no longer be bringing in a salary and if you are the sole breadwinner in your household, your lifestyle will have to change dramatically.
Solution
One of the most effective ways to protect yourself and your loved ones is to take out retrenchment insurance, a type of insurance that will cover a portion of your salary for six months after you are retrenched. This allows you not to default on any loans, repayments, or debts while you are unemployed.