Involuntary Unemployment Insurance

Involuntary Unemployment Insurance

Learn How It Works

What is Involuntary Unemployment?

If you experience an individual or a mass layoff, general strike, termination by employer, unionized labor dispute, or lockout, involuntary unemployment insurance will make your payments until you can return to work according to the benefit schedule, whichever comes first.

Coverage will give you peace of mind of knowing that an unforeseen unemployment will not cause you to default on your loan.

Advantages

Loan payment will be made while they are out of work

Cost is not related to occupations

Pays benefit directly to the lender

Covers monthly payments up to $1,000 for as many as 18 months.

Loan payment will be made while they are out of work

~

Helps protect the family’s credit rating

No early termination fee

How to Qualify for Unintended Unemployment InsuranceI

Qualifications, Cancellations, Refunds, & Exclusions

Eligibility
Age: 18 – 65

Maximum Payment Amount – $1,000

Maximum Loan Term – 60 Months

Employment Requirements
Employed at least 30 hours a week

Must be working for 12 consecutive months

Actively employed for 90 days prior to the loan

Employed in a non seasonal occupation and for the same employer

Eligible Loans

Consumer

Lot & Land Loans (non commercial)

Cancellations & Refunds
Coverage automatically terminates and you will be entitled to a refund in the event the loan is prepaid, renewed, or refinanced prior to the maturity date. There is no fee for early termination.
Coverage Exclusions
Voluntary forfeiture of employment income

Quitting

Retirement

Loss of employment due to disability caused by accident, sickness, disease, or pregnancy

Loss of employment due to willful misconduct or criminal misconduct

Seasonal or temporary employment

If you’re aware of pending unemployment within 60 days prior to the date of the certificate

Request Information

Request a Free Consultation

Want to talk now?

Call and speak to our representatives to find the best solution for you.
Call Now: (888) 231-2443

Want to talk now?

Call and speak to our representatives to find the best solution for you.
Contact Now