Is Your Income Protected if you lose your job?

Paycheck Guardian Pays Cash During a Layoff

A layoff can be a huge crisis for many people. Along with incomes, good credit, health benefits, and homes can be lost. On the other hand, many people use their time off work as an opportunity to expand their personal networks, start their own business, or find a better job. What is the difference? Why is a job loss a crisis sometimes, and an opportunity another time?

I believe that the key is to prepare of an income loss. Experts tell us that we should have 3 – 6 months worth of expenses in a cash fund so we can use it to keep bills current. And we can all probably cut some expenses out of our budget now, so we can stash some cash for the future.

However, it is easy to see that one emergency like a trip to the emergency room, auto repair shop, or death in the family can wipe out months of savings. Despite our best efforts it is not always possible to keep that rainy day cushion intact.

That’s why products like Paycheck Guardian are gaining in popularity in the US. The product provides supplemental unemployment protection, above the amount the amount that state unemployment pays. State unemployment benefits are fairly low, and they will not pay all the bills for many people. A supplemental unemployment benefit, from $1,000 to $2,000 would be helpful to make sure mortgage or rent, credit cards, utility bills, and grocery tabs get paid!

Traditional credit layoff protection or unemployment mortgage protection are designed to pay the lender, and not the consumer. I like this plan because the money goes right to the person who needs to pay the bills!

Learn more about Paycheck Guardian - They pay cash, so you can pay bills. See if you qualify and if a layoff protection plan is right for you.

unemployment, job loss, layoff

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