You may have heard of Accident Sickness and Unemployment Insurance, Accident Sickness and Redundancy Insurance, Premium Protection Insurance, Income Protection Insurance, and numerous other names for basic accident sickness unemployment cover. So, don't get confused when you hear all the different names and they all serve the same purpose. These insurance plans are built to help you in times of need caused by an unexpected accident or illness that causes you to become unemployed. They help you pay your mortgage and other monthly commitments so that you and your family don't have to worry about losing your home, car, or whatever. In order to qualify you need to be between 18 and 65 years old and employed for at least 16 hours a week. Talk to your adviser about options.