MySeverance.com#
Build up your job severance with monthly payments.
How it works#
You pay $19 per month. If you get fired or laid off, we pay you $2,000. If you choose to pay $49 per month, the payout grows to $5,000. Pay $99, collect $10,000.
The payout amount is progressive. It starts at zero and grows every month by ten times your monthly payment. For example, on day one you paid $19. After the first month, the coverage becomes $190. Second month, you put $19 more, now the coverage becomes $380. And so on, until 11 month later, you achieve $2,000 coverage, at which point the amount is fixed. The same goes for the higher tiers, that allow you to grow the payout above $2,000 up to $10,000.
Sign up today to receive $100 bonus on top of your total coverage when we launch.
Frequently asked questions#
Q: What information do I need to provide to start using the service?
A: We’ll need your ID and proof of employment.
Q: When can I collect the payout?
A: You can collect the payout if you get fired or paid off. You’ll need to provide a termination letter from the employer.
Q: What if I quit myself?
A: Then you won’t be covered. Your plan will be frozen until you start the next job.
Q: Okay, what’s the catch?
A: There’s no catch, it’s a numbers game. In a nutshell, 100 people’s monthly payments cover for 1 person layoff. According to the bureau of labor statistics, only 1% of people is getting laid off each month.
The idea behind PayDay protection.