Job loss can happen to anyone, at any time. No one is immune to the possibility of being laid off, terminated, or fired. In fact, a staggering number of workers have experienced job loss at some point in their careers. According to a report by the Bureau of Labor Statistics, the unemployment rate was 6.7% in December 2020. This means that millions of Americans are without work, struggling to make ends meet, and searching for a new job. What is Job Loss Insurance? Job loss insurance, also known as unemployment insurance, is a type of insurance that provides financial support to individuals who have lost their jobs. This insurance can…