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â¢ Insured Earnings is the earnings as. described in your policy and used to. calculate your employeeâs benefits. â¢ It can vary depending on the definition. you choose for each eligibility group. â¢ Changes to insured earnings become. effective at the Insured Earnings.
While employment insurance earnings are important for unemployment benefits, there is a limit to how useful they are in that sense in my opinion. There is maximum insurable earnings limitation as I found out a few years back.Once you reach that maximum there is not much more that you can collect.he provision of a salary, essentially a fixed amount of pay for each pay period, is also considered a type of insurable earnings. Other forms of compensation also fit into the broad category of insurable earnings.