We can help protect your
family when your
defenses are down.
Planning for life events
Loss of job or benefits

Layoffs can strike anyone at any time. Along with losing a regular paycheck, you lose the benefits that came with the job. Under COBRA you can continue your health coverage for up to 18 months. That’s why it’s important to put money away for a rainy day. Having to rely on credit cards and/or going without health insurance can quickly put you behind the financial eight-ball. Cut expenses, file for unemployment insurance, and consider a term life plan while you’re between jobs.

To help you determine the right coverage for your needs, start here:

• How much coverage do I need?
Life tips
Loss of job or benefits
After losing your job, your first step should be to file a claim for unemployment insurance. Let everyone know you’re looking for a job and use online resources to broaden your search. Stay positive, maintain relationships with family and friends, and use the time off to think about what you really want to do next.

Starting a business
Critical illness
Medical condition
Disability


Quick hint
If you have money in a retirement plan like a 401(k), resist the temptation to cash it out. There are hefty penalties for early withdrawal (not to mention taxes), so you might be left with a lot less than you think. More importantly, you’ll need that money in retirement – a time when you can look back on losing your job as a temporary setback.
Helpful Links
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Need Assistance? Call us at 1-800-622-2923 or email us now
Stonebridge Life Insurance Company, Administrative Office: 2700 W. Plano Parkway, Plano, TX 75075-8200.
Home Office: Rutland, VT 05701. Stonebridge Life Insurance Company is licensed to sell insurance in all states except New York.
Stonebridge Life Insurance Company NAIC number 65021. © Copyright 2009, Stonebridge Life Insurance Company. All Rights reserved.

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