Layoff Insurance for Unemployment Mortgage Protection
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US Home foreclosures in July, 2008 were up 55% over the previous July, and many Americans are concerned about their financial stability these days. Companies are eliminating positions, and state unemployment benefits will not cover the mortgages, auto loans, and other bills that most families have. That is why many people are planning ahead by looking for mortgage unemployment insurance.
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This type of layoff insurance provides a cash benefit. The cash can be used in any way it is needed, and is not tied to one particular debt, like a mortgage, as is the case with many other types of credit insurance. This allows the owner of the benefit to control how it is used, and we believe this control is in the best interest of the consumer, and not just the best interest of lenders.
Layoff insurance offers affordable rates, and can be a valuable financial planning tool for working people.
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