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Old 29.01.2020, 20:40
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Re: Advice Cont vs Perm

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Yes. And insurance against loss of income due to illness (short- or medium term) or disability.

And benefits for a spouse or especially for children, if any, should you become unable, through accident or illness, to work.
Generally speaking the pension funds used by the agents are designed to meet the minimum legal requirements and put as much cash in the contractors pocket as possible, which is fine if nothing goes wrong. Which is fine if nothing goes wrong. But if it does, trying to survive on a small pension for 40+ years is not much fun.

I know, everyone thinks it will not happen to them, but statistically it will certainly happen to someone. I have a neighbor down the street here who had an accident at work and has not been able to work for over 30+ years and a guy in Ireland that has not worked since he was 24. He was young and foolish - he was a painter, working black, so he is on minimum social welfare and depending of the charity of his sister and her husband letting him live in their garage.
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