Financial protection is built to keep the essentials paid when a paycheck stops. Here is what an income-disruption plan covers, what it leaves out, and how plan tiers expand the list — so you know exactly what the safety net catches.
When income is disrupted, the hardest part is that the expenses keep coming. Rent is still due. The lights still need to stay on. Financial protection is built around that reality: it is a safety net that pays a monthly benefit toward your essential living expenses when a qualifying event interrupts your income.
It is not a lump-sum payout and it is not open-ended cash. It covers a defined list of essentials, the list grows with the plan tier, and it pays for a defined number of months. RMO MyShield is built in four tiers, starting with basic necessities and expanding to housing, transportation, and more.
Knowing exactly what is on that list — and what is not — is what makes the plan useful when you actually need it. The rest of this guide walks through both.
Each MyShield tier adds more of your monthly expenses to the covered list, raises the benefit limit, and extends how long support lasts:
The pattern is deliberate: lower tiers cover the bills you absolutely cannot skip, and higher tiers extend the net over more of your budget for longer. The right tier is the one that matches the expenses you would genuinely struggle to cover after a month with no income.
Financial protection is a focused tool, not a blank check. It is important to know its limits:
None of this is a drawback — it is what keeps the plan affordable and focused on its job: getting a household through a defined rough patch. To understand what makes an event qualify, see how income disruption protection works.
Financial protection covers essential living expenses that continue even when your income is disrupted. Coverage starts with basic necessities — groceries, utilities, and phone service — and expands by tier to housing, transportation, childcare, and medical copays. It pays a monthly benefit, not a lump sum.
Housing is covered from RMO MyShield II and above. MyShield II adds monthly rent or mortgage payments, up to the plan limit, plus renter’s or homeowner’s insurance premiums, on top of the basic necessities all tiers cover.
Financial protection covers essential, recurring living expenses during a qualifying income disruption — not discretionary spending, debt beyond covered categories, or losses unrelated to an income event. It also requires a qualifying event such as involuntary job loss, a qualifying medical event, or natural disaster displacement; a voluntary resignation is not a qualifying event.
Higher tiers cover more expense categories, higher monthly benefit limits, and a longer benefit duration. RMO MyShield I covers basic necessities for up to 3 months; MyShield II adds housing for up to 6 months; MyShield III adds transportation, childcare, and medical copays for up to 9 months; MyShield IV offers premium allowances and the longest benefit period.
Now that you know what coverage looks like, these guides help you act:
