Finally, Private Unemployment Insurance. But Will Anyone Buy It?
Assuming insurance companies are profitable, insurance is a -EV bet for the consumer.  The only reason to ever buy insurance is if the potential loss would be ruinously large.  Gaps in unemployment simply don&#x27;t generate that kind of huge loss the way a house fire, extended illness or million-dollar lawsuit would.<p>According to numbers earlier in the article, this pays out $536.50 * 24, about 6.7 weeks of pretax wages or 12.9% of your annual income.<p>If you put 10% of your income into an emergency fund, you can build it to the level of the payout from this insurance in a little over a year.