How To Protect Your Savings Against Unemployment

Written by admin on October 12th, 2008 in Unemployment.

Sign Up For Private Unemployment Benefits Online

Getting laid off or any causes of unemployment are scary. You can save and save and then a long bout of unemployment can wipe you out. State Unemployement benefits are not that great. According to the Labor Department’s Employment and Training Administration unemployment statistics the average weekly State Unemployment check is only $299.00 while an average family’s weekly expenses may 2 to 3 times that high. Could you pay your bills on $299.00 per week?

According to a Fannie Mae government study typically the average length of unemployment is 16.5 weeks and the average person is unemployed 2.3 times in their working history. Statistics also indicate the chance of unemployment during one’s working career is 90%. Fannie Mae also reports that 38% of Loan Delinquencies & Home Foreclosures are caused by Unemployment.

In the past there really wasn’t much you could do but hope that your savings would enough to carry you through the bad times. Fortunately a new product has come onto to the market called Paycheck Guardian.

A Paycheck Guardian membership can pay you up to $2000.00 per month if the cause of unemployment is voluntarily. Your benefits also include: Identity Theft Protection, Debt Relief Services,Financial Education and Legal Counsel & Services. So check out the Paycheck Guardian website and eliminate some of your worries about possible job loss.

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12 Responses to “How To Protect Your Savings Against Unemployment”

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