For many parents, losing their job also means losing other employment benefits such as life insurance.

These include disability cover which could pay up to 75 per cent of salary until retirement age in the case of a particularly devastating illness or condition, as well as contributions towards health insurance and a pension. The loss of a job is the most vicious of socio-economic circles.

Redundancy payments, where applicable, are often used to keep up some insurance payments, at least for a while, and are most usually kept up by people who are confident of getting another job quickly.