Layoff Insurance & Unemployment Insurance

Layoff Insurance To Protect Your Home and Good Credit

States do offer unemployment insurance, but the payment maxes out at a few hundred dollars a month. If you have concerns about your own job, and if you wonder how you could keep up on your mortgage, car payments, and other obligations if you do suffer a period of unemployment, consider supplemental unemployment insurance, also called layoff insurance.

Your financial life will be protected with a cash benefit and other membership features. Identity theft protection, debt relief services, financial education, and legal services are also includes, making this an all around financial protection service.

Learn more about Paycheck Guardian’s Layoff Insurance Plans.

Share This

Share This

Mortgage Crisis Gets Worse In The US

The US home mortgage crisis is likely to be worse than expected. For one thing, not all lenders have come clean about the extent of the problems. After all, when they admit they have huge losses because people cannot pay their mortgages, won’t they also have to admit their brokers used unethical selling practices, which could include racial bias, selling high rate mortgages when better rates were available, and handing out adjustable rate mortgages to people who should not have qualified, and also to people who really did not understand how much their mortgage payment would rise?

The US mortgage crisis is also creating a cycle that spirals the whole economy towards recession. Companies associated with financial institutions and home building slash jobs. Now those people are worried about their homes too. Besides, when people do not know where they will live with their families, they are not likely to run out and buy cars or new televisions, watch movies or pay for cable, or dine out and eat steaks! You get the idea.

If you are concerned about your employment, and how it can impact your ability to pay your mortgage and other debts, look into mortgage unemployment layoff insurance. You can rest assured that you will have cash coming in should you be unable to work at your normal job because of a layoff, sickness, or disability. This is a type of mortgage protection insurance with no health questions, and you qualify for benefits in much the same way you qualify for your state unemployment insurance program, only this can actually provide enough money to stay in a home!

mortgage protection insurance, layoff insurance, mortgage insurance no health questions

Share This

Technorati Tags: mortgage protection insurance, layoff insurance, mortgage insurance no health questions

The Mortgage Crisis 

Most of you are aware that subprime mortgages have created a rash of foreclosures all over the US. Many of the foreclosures were caused by adjustable interest rates.

The borrowers figured they could afford their mortgage at the original interest rate, but somehow did not plan to afford it once the rates went up. The home buyers saw “teaser rates”, and somehow, either did not understand that those rates would increase, or just chose to ignore it.

If Ben Franklin knew about adjustable rate mortgages, he probably would have added a third certain thing beyond death and taxes, and that is the fact that those rates get adjusted, and they get adjusted up! Anyway, the problem is that for many reasons, including the interest rates going up, people are losing their homes.

The Subprime Mortgage Crisis Solution????

The government plan is set to keep rates steady for those mortgages that are scheduled to go up on January 1st. But it does not address the problems of those who have already lost their homes, or who have already fallen behind on payments. Other criticize the plan because they say it rewards irresponsible lenders and homeowners. The mortgage companies never should have extended the credit in the first place, and the homeowners should not have signed a contract that they could not afford.

In another time, when the housing market was good, people could simply sell homes they could not afford. Now, whole neighborhoods are full of foreclosed homes, and they are not likely to be able to sell their home for enough money to pay off a loan that is only a couple of years old.

Of course, sometimes we do need to show compassion. People do lose jobs, become sick or disabled, and have a death in the family. In my mind, these people do deserve help in a fair society, but I do not believe the government has ever stepped forward to bail out victims of circumstance. The government is only acting because this crisis will affect the whole economy, and not because people are in tough circumstances.

Mortgage Protection

If you are concerned about your own future, and your ability to pay your mortgage, consider an affordable mortgage unemployment and disability insurance plan. It cannot prevent an adjustable rate mortgage from rising, but it can help save your home and credit should you experience one of the common problems that prevents people from hanging on to their home.

subprime mortgage crisis, government bailout, foreclosures

Share This

Technorati Tags: subprime mortgage crisis, government bailout, foreclosures

According to Yahoo! Finance, Treasury Sec. Paulson says the housing problems is the largest threat to the US economy. Even though other parts of the economy may be doing well, housing problems will make a large dent.

In his most somber assessment of the crisis to date, Paulson said that the housing correction is “not ending as quickly” as it had appeared it would and that “it now looks like it will continue to adversely impact our economy, our capital markets and many homeowners for some time yet.”

If you are concerned about your own job stability, and with it, the ability to hold onto your home, you may not be aware that protection is more affordable than ever. Look at some of the main reasons for Mortgage Delinquency here. And while you’re at it, consider the most affordable mortgage insurance we have found.

mortgage protection insurance, mortgage insurance, mortgage delinquency, us housing crisis

Share This

Technorati Tags: mortgage protection insurance, mortgage insurance, mortgage delinquency, us housing crisis

Countrywide, the largest US Mortgage Lender is slashing jobs according to Yahoo! Finance. The company reported a 47% decrease in accepted applications and a damaging foreclosure rate on existing mortgages. This cycle can get really rough.

As more people have trouble qualifying for home loans, or find that their home loans are no longer affordable because of rising internest, foreclosure rates are rising. The response from the mortgage lender industry has, naturally, been to tighten up qualifications to obtain a new loan. The problem with this knee jerk reaction is that less people can qualify for new loans, or even refinancing, and so foreclosures increase while sales decline.

The cylce continues to associated industries, including home builders, suppliers, realtors, and of course, the lenders themselves. If you are concerned about your ability to pay your own mortgage in case of a layoff, disability, death or illness, consider affordable layoff protection insurance.

layoff insurance, mortgage insurance, mortgage protection, foreclosures

Share This

Technorati Tags: layoff insurance, mortgage insurance, mortgage protection, foreclosures

Unemployment Numbers Edge Up

Yahoo Finance has more gloomy news. Despite record job creation by employers, the US unemployment rate still edges up. Most of the gain came from government hiring, including teachers at local schools. So the balance of more government jobs and less private jobs is not really rosy.

The unemployment rate is expected to rise by the end of the year. The credit crunch and housing problems have fueled the problem. You can go straight to the US Department Of Labor for recent employment statistics.

Can you weather a layoff? Could you keep your own home. If you do not have enough savings, as many of us do not, to pay bills for several months while you are looking for another job, then you should consider a layoff insurance plan.

Share This

Unemployment Increases as US Factory Orders Decline Sharply

According to this article on Yahoo! Finance, orders to US factories have fallen by the largest amount in 7 months. They believe this relects a weakness in many US manufacturing sectors. Orders for durable goods - those expected to last for 3 years or more fell the most. Orders for non-durable goods - i.e. food - fell the least, but that may just show that many nondurable goods (like food) are not luxuries, while many durable goods (i.e. a new tv) are luxuries that can be postponed.

The Labor Department said that the number of newly laid off workers filing claims for unemployment benefits shot up by 16,000 to a total of 317,000. The gain was the largest one-week rise in four months and was bigger than analysts had expected.

If you are concerned about your financial stability, this may be the time to consider layoff  insurance. Again, this product is marketed as Mortgage Unemployment Insurance, but you do not need a mortgage to qualify. After all, renters have bills too!

unemployment, factory orders decline, layoff insurance, unemployment mortgage insurance, layoff unemployment insurance, layoffs, unemployment

Share This

Technorati Tags: unemployment, factory orders decline, layoff insurance, unemployment mortgage insurance, layoff unemployment insurance, layoffs, unemployment

Revolutionary Product Insures Your Employment

Some credit companies have given consumers a form of credit protection insurance that will pay for a particular loan or credit card if an insurance person suffers an involuntary period of unemployment. However, I have not seen an actual layoff insurance plan like this one before.

The plan makes specified cash payments in the case of involuntary unemployment, disability, a hospital stay or death. The amount of money can be selected, up to $2,000, and the premium depends upon this monthly cash amount. From what I’ve seen the premiums are very reasonable, and this type of plan is a very affordable alternative to mortgage insurance.

To learn more, or to get a free and obligation free price quote, use our layoff insurance quote form here.

The plan is marketed as a mortgage protection plan, but you do not need a mortgage to qualify. I never understand that mortgage qualification on traditional mortgage insurance. After all, renters have bills too!

layoff insurance, mortgage unemployment insurance, us unemployment insurance, cheap disability insurance

Share This

Technorati Tags: layoff insurance, mortgage unemployment insurance, us unemployment insurance, cheap disability insurance

Consumers tell us they want mortgage insurance that will provide income in case they are not working. They might suffer a layoff, disability, or hospital stay, which will reduce or eliminate their income. They like the idea of life insurance, but many do not desire or need the large term life insurance policies required by traditional mortgage life insurance policies. Consumers, especially younger ones, are planning more for life’s troubles, than they are for their death, of course!

We think that the best mortgage protection plan would make it easy to qualify for supplmental disability and unemployment insurance, while including a smaller death benefit. It would also be very affordable, and very easy to apply for. That’s exacly what we found, and we urge you to get more information with our free, and NO OBLIGATION online mortgage protection quote form!

mortgage protection, unemployment insurance, layoff insurance, no health questions disability, disability insurance

Share This

Technorati Tags: mortgage protection, unemployment insurance, layoff insurance, no health questions disability, disability insurance