Before you sign your severance agreement, take your time and take a closer look at what you’re gaining—and giving up.
Personal finance expert Jen Smith was roughly five weeks away from giving birth when she found out she was one of roughly 45 people her company was laying off. She would receive a severance package that included five weeks of pay and one month of health insurance coverage, then she would be eligible to continue her coverage through the Consolidated Omnibus Budget Reconciliation Act, or COBRA.
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