Does anyone know anything about private unemployment insurance? I had someone ask me about this and honestly I didn't even know it existed. Anybody here ever sell it? Can someone point me in a direction so I can find out more about it?
I had seen that product before a few years back. It never went anywhere. Still don't see it as something folks should purchase.
Not sure if this is what you are looking for. You decide if it is worth it or not.
Interesting. I never knew this existed. I see the benefit is limited to 4 months at $1500 a month and costs $69.95 a month. So the company is only on the hook for a $6000 benefit max. I think saving up an emergency fund is a much better idea. Although I'm sure some people would buy this.
IncomeAssure, launched in 2011, offers an insurance policy that extends state unemployment insurance to cover up to 50% of your salary. You can get information about premiums on the IncomeAssure's website, but it typically costs between 0.5% and 1.0% of your income per year.
Very interest concept and if the logistic of it was better rather then the 6k maximum pay out then it may work for instance. Have the premium to individual member. Pay at least 12 months of the rent they have been receiving for the past 12 months from there job and if they had the policy for an x amount of time to benefit the insurer. Think it could be a good seller in this uneconomic downturn.
Our debt advisors will define what is an IVA?