Employment Income Insurance
- Concept: An insurance policy that replaces a percentage of an individual’s prior income (e.g., 50-70%) for a defined period (e.g., 6-24 months) following an involuntary job loss.
- Purpose: To provide a flexible, fungible income stream for general use during unemployment, addressing a market gap left by debt-specific job loss insurance.
- Target Audience: Mid-to-high income earners whose state unemployment benefits are inadequate, primary breadwinners, and employees in cyclical industries with higher job loss risk.
