Lifestyle protection insurance

An insurance product for lifestyle protection comprising:

• an insurance coverage that protects an insured against a reduction in compensation, the reduction in compensation arising from the insured being involuntarily dismissed from an initial employment position having an initial compensation amount and commencing a replacement employment position having a reduced compensation amount that is less than the initial compensation amount, the insurance coverage requiring a premium payment be paid for at least an eligibility period before the insured is eligible to file a claim for benefits.

An insurance product for lifestyle protection comprising:

• an insurance coverage that protects an insured against a reduction in compensation, the reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount.

An insurance product for lifestyle protection comprising:

• an insurance coverage that protects an insured against a reduction in compensation, the reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount, the insurance coverage requiring a premium payment be paid before the insured is eligible to file a claim for benefits.

A method for providing an insurance product for lifestyle protection, the method comprising:

• offering insurance coverage to protect an -insured against a reduction in compensation arising from the insured being involuntarily dismissed from an initial employment position having an initial compensation amount and commencing a replacement employment position having a reduced compensation amount that is less than the initial compensation amount.

A method for providing an insurance product for lifestyle protection, the method comprising:

• (a) offering insurance coverage to protect an insured against a reduction in compensation arising from the insured being involuntarily dismissed from an initial employment position having an initial compensation amount and commencing a replacement employment position having a reduced compensation amount that is less than the initial compensation amount and
• (b) requiring a premium payment be paid for at least an eligibility period before the insured is eligible to file a claim for benefits.

A method for providing an insurance product for lifestyle protection comprising, the method comprising:

• offering an insurance coverage to protect an insured against a reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount.

A method for providing an insurance product for lifestyle protection comprising, the method comprising:

• (a) offering an insurance coverage to protect an insured against a reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount and
• (b) requiring a premium payment be paid before the insured is eligible to file a claim for benefits.

A method of implementing an insurance product to protect an insured against a reduction in compensation arising from the insured being involuntarily dismissed from an initial employment position having an initial compensation amount and commencing a replacement employment position having a reduced compensation amount that is less than the initial compensation amount, the method comprising:

• (a) enrolling the insured in the insurance product and
• (b) receiving premium payments from the insured for at least an eligibility period.

A method of implementing an insurance product to protect an insured against a reduction in compensation arising from the insured being involuntarily dismissed from an initial employment position having an initial compensation amount and commencing a replacement employment position having a reduced compensation amount that is less than the initial compensation amount, the method comprising:

• (a) processing a claim for benefits and
• (b) providing benefits to the insured for a benefit period.

A method of implementing an insurance product to protect an insured against a reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount, the method comprising:

• (a) enrolling the insured in the insurance product and
• (b) receiving a premium payment from the insured.

A method of implementing an insurance product to protect an insured against a reduction in compensation arising from the insured leaving an initial employment position having an initial compensation amount and being activated or deployed for military service, the military service having a reduced compensation amount that is less than the initial compensation amount, the method comprising:

• (a) requiring the insured to remain in active military service for at least an eligibility period to be eligible to file a claim for benefits;
• (b) processing the claim for benefits and
• (c) providing benefits to the insured for a benefit period.