Worried About Layoffs?

In our experience, a layoff can either be a financial crisis or an opportunity. When we lose our income, we still have monthly bills like the mortgage or rent, utilities, and other debt payments that need to get paid. In fact, unemployment is one of the largest causes of delinquent mortgages.



Job Loss Protection
You can prepare for a job loss with unemployment protection

With sufficient savings, we can weather a job loss for awhile.

But is can be hard to sock away the 4 - 6 months of income that experts tell us we should have in a cash fund that can be used in case of financial hardship. Months of careful deposits can be wiped out after one trip to the emergency room or auto mechanic. But there is another way for many employees to protect their income against unemployment. You can prepare for unemployment with a supplemental unemployment protection plan.

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This entry was posted on Tuesday, November 4th, 2008 at 4:24 am and is filed under Employment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.