Information on collection of unemployment insurance

If you insured your future for difficult times with unemployment insurance then you might be wondering over its benefits and other specifications of the time of benefit receival. This type of insurance is provided by government or is regulated by various federal laws and rules that need to be followed and properly understood for self benefit. The insurance particularly provides support when you are removed from your job without any fault or desire on your side. The policy particularly provides financial cover till you get your next job and makes you independent to feed and mend for yourself and family. This type of policy is generally made for the residents of nations that undergo sudden economy changes due to which the companies have to remove bulk people from the job to prevent on their expenditure. Now even if the policy seems promising many times we wonder for how many times we could receive the benefits in this cover. So here is the information you want to know about these factors of unemployment insurance benefits. If you insured your future for difficult times with unemployment insurance then you might be wondering over its benefits and other specifications of the time of benefit receival. This type of insurance is provided by government or is regulated by various federal laws and rules that need to be followed and properly understood for self benefit. The insurance particularly provides support when you are removed from your job without any fault or desire on your side. The policy particularly provides financial cover till you get your next job and makes you independent to feed and mend for yourself and family. This type of policy is generally made for the residents of nations that undergo sudden economy changes due to which the companies have to remove bulk people from the job to prevent on their expenditure. Now even if the policy seems promising many times we wonder for how many times we could receive the benefits in this cover. So here is the information you want to know about these factors of unemployment insurance benefits.

Collection of benefits

Even though the laws of the policy change from country to country but overall the beneficiary is capable of getting the benefits or finances from the policy for several weeks according to your benefit rate of every week. Once you file the claim to the policy for a claim period of one year you are able to collect the money for 25 weeks depending on the pre-decided unemployment benefits. Once you start receiving the money you have to show the proof that you are actively searching for a job to the government agencies you have taken the policy from. If within one year you receive the benefit for few weeks and get another job and again get unemployed then you are able to collect the benefits for the remaining weeks of one year claim and would not again get for 25 weeks. This means that in one year even if you get and lose the job once or twice you are able to collect the benefit only for the remaining weeks and not again for the full term.

<b>Weekly benefit rate</b>

This is the main determining factor in period of eligibility to collect the benefits of unemployment insurance. This rate is calculated by the amount of insurance covered by the beneficiary and it affects the length of time he/she could receive the benefits. So if your rate is decided to be $200 per week then according to 25 weeks in one year you will receive a total amount of $5000. So if you decide to take the complete amount according to your rate each week then by the 25th week your collection period ends but if you decide to take small amounts every week than the rate then you stay eligible for more than 25 weeks till you reach the maximum value.

In some conditions you may extend the period of benefit if you qualify for certain situations described by the law of that region. But overall the collection period of unemployment insurance is sufficient for you till you get next job.


By: Vesiko Di

You may want to check more information about ligel√łn (equal pay in Danish) but I recommend you to check also efteruddannelse (early retirement scheme in Danish). Good luck!

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Source: http://www.articledirectoryusa.com/article/category/finance/insurance/information-on-collection-of-unemployment-insurance/

Article Tags: unemployment , insurance , fund , unemployment insurance , work , business , benefit , job offer , unemployment stress , early retirement , retirement , continuing learning

Submitted On Feb 28, 2012. Viewed 218 times.

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