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Trying To Answer Frequent Unemployment Protection Questions (Paycheck Guardian)

Since I have been answering phone calls and emails about Paycheck Guardian - The private supplemental layoff protection plan - I thought I would use this space to answer some of the most common questions from consumers. These are questions that come from people all over the US who are concerned about their jobs.

The biggest question is about the 4 month actively at work clause - This means that a member must be at work for 4 months from the time they enroll until the time they are terminated. There is no way around this, and this period is more generous than any of the similar plans I have looked at.

When you buy different types of insurance, they underwrite you. For instance, your premium (and even acceptance) for car insurance will depend upon your age, driving history, the type of car you drive and many other factors. Look at Car Insurance Quotes if you are interested.

But when you buy a guaranteed acceptance product, they use a waiting period instead of qualifying applicants by risk factors. The waiting period and actively at work period here is 4 months.

How To Quote and Enroll in Paycheck Guardian - Simply visit the webiste, and choose one of the plans - bronze, silver, or gold - and click Get Quotes. You will be directed to a page with an “enroll” link. You can simply follow that link to begin enrolling online.

After you enroll, if you have completed it, you will get a verification email. It will take 10 days to 2 weeks to get your membership packet in the mail which will give you the details about the plan. You do have 30 days to cancel your membership with a full refund. After that, you can cancel at any time, but you will not get previous months of payments refunded.

Paycheck Guardian << Visit the website with this link!

What Plans Are Available? The only plans available are the ones on the official website. Right now, there is a bronze, silver, and gold plan. There is a fixed price for these plans which is the same all over the US. Like any other information that you see on the internet, this could change. Always refer to the official website for information about layoff protection.

Who Else Provides Layoff Protection? Not many companies do in the US, even though the product has been in other countries (UK) for a while. I have found some information on similar products at CSI DIRECT and BPAL LAYOFF - but I do not know much about them. I am not saying they are the only plans in the US. I just do not know anything about others. If other plans exist, they seem to keep a low profile. I am only providing links to other layoff protection plans because I get asked about it, and so I am writing all I know right here.

It is up to you to do research and make the best decision for yourself, and your family. Good luck!