| In these uncertain times, we are all taking | | | | safety net of cash flow waiting to catch you. |
| considerable measures to save more and spend | | | | Unemployment Income Protection for Your |
| less of our hard earned money. We are facing our | | | | Mortgage |
| fears and realizing that unemployment can | | | | Your biggest monthly payment is likely to be your |
| become a reality for all of us. Financial experts tell | | | | mortgage. If your home goes into default, not |
| us that, ideally, we should have enough money in | | | | only do you have the anxiety of being |
| savings to get through 6 months of | | | | unemployed, you and your family can soon face |
| unemployment. In actuality, there's probably not | | | | foreclosure. Unemployment mortgage protection |
| enough savings in our rainy day fund to get us | | | | insurance will pay your mortgage loan for a |
| through much more than a few weeks. | | | | certain amount of time. This policy will safeguard |
| The Government Gives You Minimal | | | | the future in your home and give you time to get |
| Unemployment Income Protection | | | | back on your feet and enter into the work force |
| The Federal government instituted unemployment | | | | again. |
| benefits during the great depression. However, | | | | Unemployment Income Protection for Your Loans |
| the government will give you no greater than | | | | Unless you're an above average American, then |
| 50% of what your previous salary was, and | | | | you have several lines of revolving credit requiring |
| there is a set maximum you are able to receive | | | | a monthly payment. Loan protection insurance is |
| each week. It's unlikely that unemployment | | | | designed to pay your monthly debt obligations in |
| benefits will be enough to pay your bills-- let alone | | | | full. This policy will take care of the basics such as |
| support the quality of life you're used to. You | | | | your school loans and car payment. |
| should also know that if you are self-employed | | | | Getting Started |
| and can't find work, you are not eligible for | | | | With all the forms of unemployment income |
| government unemployment benefits. | | | | protection available, you don't have to go a single |
| Insurance, Insurance, Insurance | | | | month without the cash you need. Find an |
| There are several insurance policies you can sign | | | | insurance agent online or locally to help you decide |
| up for that will give you unemployment income | | | | if this type of protection fits your needs and |
| protection. The three policies you should seriously | | | | concerns. Do your research and get started |
| consider are income payment protection | | | | finding the unemployment income protection that |
| insurance, mortgage payment protection | | | | will meet your needs today! |
| insurance, and loan payment protection insurance. | | | | You need to work more than part time, and self |
| All three types will support you through the stress | | | | employed individuals and seasonal and temporary |
| of unemployment. | | | | employees are not eligible for mortgage payment |
| Unemployment Income Protection for Your Salary | | | | insurance. Companies may even consider how |
| You depend on your salary to pay your bills, buy | | | | long one has been self employed as well. |
| food, keep your home, and put gas in your car. | | | | You may want to consider this protection if the |
| Income protection insurance will give you a | | | | loss of your job would put your family in a |
| monthly lump sum, tax free, to keep your quality | | | | hardship position. Consider the cost of the |
| of life intact. When taking out a policy, you | | | | monthly premiums, the likelihood of loosing your |
| determine the amount you will receive each | | | | job, and the potential stress and financial difficulty |
| month based on your salary. This is the broadest | | | | that would come from difficulty in paying your |
| form of unemployment income protection as you | | | | home loan to decide if this protection is right for |
| decide where to put the money that comes in. It | | | | you. Take charge of your financial future and do |
| is also the most policy with the highest premiums. | | | | your research to see if mortgage payment |
| Should you become unemployed, you have a | | | | protection insurance is right for you! |