The Benefits of Unemployment Insurance

1
WHY SHOULD ONE
APPLY FOR
UNEMPLOYMENT
INSURANCE?
Insurance provides an individual with a certain
amount of protection, in case an unfavorable
event takes place in their life and results in
additional expenditure or loss. It is difficult
to provide support to oneself or to their family
while being unemployed. The following reasons
elaborate more on why one should apply for
unemployment insurance as a precautionary
measure.
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2
MENTAL STRESS
It is difficult to predict when one might lose a
job especially in a fluctuating market. In such
conditions, those who do not have a lot of
savings might find it difficult to meet daily
expenses. By applying for unemployment insurance,
in Sweden, a person can get monetary benefits of
about 80 percent of previous salary for about 200
days after getting unemployed.
3
SUPPORTING FAMILY
It is crucial for one to get support from the
family as well as provide support to the family
during difficult times. Being a member of an
unemployment insurance fund is extremely
important as the benefits received can help one
meet basic expense of the family. The amount
given out by unemployment funds is capped at 680
konnor per day.
4
CAREER OPPORTUNITIES
Unemployment insurance gives individuals the
ability to take their time and look for the right
career opportunity. As individuals are able to
meet their basic expenses they do not have to
rush into the next job. Job requirements are
constantly changing. Individuals can take a few
months and wait for a suitable vacancy to open
up.
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