I heard that you can buy insurance on your house for job loss and that if you lose your job, the insurance company will pay your mortgage for set period of time. Does anyone know anything about this? How do I go about getting this?
2006-08-27 18:10:50 · 6 answers · asked by Blitz 3 in Business & Finance ➔ Insurance
You may just want to save up money as an emergency account, that way when you pay enough into it to have 3-6 months worth of expenses, you can stop. Insurance, you'll just keep paying and paying...
2006-08-28 09:47:00 · answer #1 · answered by kcincon 3 · 1⤊ 0⤋
There are four life insurance companies I am aware of that offer an unemployment benefit of some type. The one you seemed to describe is called Home Certain and it is underwritten by Fidelity and Guaranty. The others include Mutual of Omaha (really United of Omaha), Allianz, and New York Life.
2006-08-29 15:36:57 · answer #2 · answered by Matthew V 1 · 0⤊ 0⤋
Genworth has a product like that. Link below. Or you can use a comparison service like Bankrate. Either way, check the company's A.M. Best rating and don't deal with a company with a rating of B or less. (leaving B+, B++, A+ and A++)
2006-08-27 18:38:39 · answer #3 · answered by JoeFunSmith 2 · 0⤊ 0⤋
yes, this days insurance is being given against job loss. It depends on your job profile, status in the organisation, past records, etc.
2006-08-27 18:17:07 · answer #4 · answered by Jatin Shah 2 · 0⤊ 0⤋
Sorry its call aflack...its insurance you can purchase that helps and pays your bills if you loose your job or you cant work because of medical reasons.
2006-08-27 18:11:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
if you lose your job due to disability, that's what afflack is for
not just simple job loss
2006-08-27 18:28:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋