What Does Credit Involuntary Unemployment Mean?

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What does Credit Involuntary Unemployment mean? Read on to discover the definition & meaning of the term Credit Involuntary Unemployment - to help you better understand the language used in insurance policies.

Credit Involuntary Unemployment

Credit Involuntary Unemployment

credit insurance that provides a monthly or lump sum benefit during an unpaid leave of absence from employment resulting from specified causes, such as layoff, business closure, strike, illness of a close relative and adoption or birth of a child. This insurance is sometimes referred to as Credit Family Leave.

We hope the you have a better understanding of the meaning of Credit Involuntary Unemployment.

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