The latest figures from the Department of Labor show that 247,000 more jobs disappeared last month. And right about now, many of the people who had those jobs probably wish they had something more coming to them than some severance pay and a small check from the state unemployment department.

I’m talking about private unemployment insurance. The problem is, if they had wanted to buy themselves that insurance a few months ago  in the same way they can buy life or disability coverage  it would have been nearly no go to find at any price.

Sure, Hyundai will let you return your car if you lose your job. And companies in a host of other industries are offering add-on coverage that can help you keep paying your bill if you end up unemployed. But paycheck replacement coverage   a product that seems perfect for this economic moment  is scarce, if it exists at all.

Tags:  good luck insurance private insurance unemployement