Being out of work
Being out of work can be financially draining - even devastating if it's for an extended period of time. And it's no longer a rarity, but a part of life with many companies downsizing or restructuring. If you have a mortgage, and other financial commitments such as a family, your unemployment benefits may not last long.

Here are some tips to help you prepare:

It's a good idea for everyone to have the equivalent of at least three months salary put away, should the unexpected happen. Use our online Savings calculator to help you start a savings program if you don't already have one.

If you have a mortgage to pay each month, you should consider getting Mortgage Protection Life Insurance to ensure your payments are made.

Turn a negative experience into a positive one:

Make it a learning experience! Take advantage of this opportunity to develop new job skills. Our education loans can help make it financially feasible for you go back to school and acquire new skills to stay competitive.

Explore employment opportunities with Farmers Insurance! More than 30,000 talented professionals nationwide enjoy our dynamic, stable and forward thinking environment.

Use this experience and your ability to cope with change as a strength, when interviewing with prospective employers. You'll have a lot to offer them. Many employers are looking for people who can deal with change - not dwell on the negative but have the ability to move with the times.

Please contact your Farmers agent if you have any questions.