Income protection is simple in principle: when a qualifying event stops your paycheck, a monthly benefit helps cover your essentials. Here is what makes an event qualify, how the benefit activates, and how long the support lasts.
Income disruption protection works on a clear trigger: a qualifying event. While your income is steady, the plan sits in the background as inexpensive coverage. When a qualifying event interrupts that income, you file a claim, and once it is approved a monthly benefit begins paying toward your essential expenses.
The benefit is paid month by month, for the expense categories in your plan tier, up to a monthly limit and for a set number of months. It is designed to do one job well: carry a household’s essentials through a defined gap until income resumes.
The plan is built for involuntary income disruption — the situations you did not choose. RMO MyShield recognizes three qualifying event types:
The common thread is that the event happened to you. A voluntary resignation is not a qualifying event — the plan covers disruption, not choice. Each event type has its own documentation, which the claims guide covers in detail.
Once a qualifying event happens, you file a claim through MyRMO, identify the event type, and provide supporting documentation. After the claim is reviewed and approved, the monthly benefit begins.
From there, two plan limits shape the support:
That duration is the heart of the design. Income protection is a bridge, not a permanent replacement — it is built to span the realistic length of a job search, a recovery, or a recovery-and-rebuild, and then hand back to your regular income. Choosing a tier is largely a question of how long a bridge your household would want.
A qualifying event is an involuntary income disruption. For RMO MyShield, the qualifying event types are involuntary job loss, a qualifying medical event that prevents you from working, and natural disaster displacement. A voluntary resignation does not qualify.
It pays a monthly benefit toward covered essential expenses, not a single lump sum. After a claim is approved, support is paid each month for the covered expense categories in your plan tier, up to the plan’s monthly limit and maximum duration.
The benefit duration depends on the plan tier. RMO MyShield I provides support for up to 3 months, MyShield II for up to 6 months, and MyShield III for up to 9 months, with MyShield IV offering the longest duration. It is designed to bridge a gap, not to replace income permanently.
No. Government unemployment benefits are a separate, state-administered program. Income disruption protection is a membership-based plan that pays toward your specific essential expenses, and it can apply to qualifying medical events and disaster displacement, not only job loss. The two can work alongside each other.
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