Accident, Sickness and Unemployment Insurance, Defined
In essence, Accident, Sickness and Unemployment, otherwise known as ASU or Short-Term Income Protection Insurance is a short-term solution. Its duration is a maximum of one to two years. Ordinarily, it is used to satisfy individual debts or payments you have committed to in a manageable way. It is designed to help you pay your bills and monthly mortgage payments or rent. It thus allows you to maintain the current lifestyle and standard of living that you and your family are used to.