Unemployment Protection Updates and Review

Well, it shouldn't be surprising that companies are finding a market for unemployment mortgage protection these days. Unemployment figures are rising, and some experts predict that they will top out at 8%, or more, before things get better.

One of the more popular layoff protection products out there has been reviewed, along with some competitors. See: Paycheck Guardian Reviews.

The products all seem to work in a similar manner. A consumer signs up, and then must satisfy a waiting period before they qualify for benefits. In addition, a qualified member must be a W-2 employee before termination, and not self employed or on a 1099 contract.

These are private supplemental unemployment plans, and they are meant to supplement state unemployment benefits, which are usually fairly low.

Related: Prepare For A Job Loss