Severance Insurance

How could severance insurance benefit the displaced worker?

• It could guarantee the severance benefit to the displaced worker
• It could provide a stronger guarantee than the company could provide
• It could smooth out the severance benefit, i.e., no lump sum payment but payments made on a pay period basis
• It could extend the benefit period
• It could provide a tax advantage to the benefits
• It could help access "working fringe benefits"
• It could provide ancillary benefits, e.g., "service severance"

Others?

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