Norwalk businessman: Old-fashioned ‘pay-as-you-earn’ financial service popular again due to pandemic

A Norwalk businessman says an old-fashioned financial service is suddenly becoming popular again because of the pandemic.

News 12 Staff

Jul 12, 2021, 12:09 AM

Updated 1,043 days ago

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A Norwalk businessman says an old-fashioned financial service is suddenly becoming popular again because of the pandemic.
Johnny Flynn says a product called "percentage pay-as-you-go insurance" is seeing a sudden spike in sales because people are looking for financial security after going through the pandemic.
He says the specialty insurance protects you if you get sick.
“If you get sick due to a pandemic in the future, or a resurgence in a pandemic, your house payment is covered until you are well again,” Flynn says. “There are no payment schedules, you can’t be foreclosed on your house, you can’t have a car repossession, they cannot ruin your credit. They’re called percentage pay-as-you-earn payee mortgage products.”
Flynn says he used to work in the financial sector and was surprised the product didn't rebounded in popularity sooner.


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