This marks the first offer of this kind in a telecommunications company, however auto companies originated the lay-off payment program. Companies like Ford, Hyundai, and GM have all offered payment programs for those unable to make their payments due to layoffs.  

Stellar Holdings, a Seattle-based condominium developer, also provides a layoff payment plan. Should any property-owner of one year or more become unemployed, Stellar Holdings will pay monthly mortgage payments for up to six months. 

Though these plans may seem like a fool-proof plan, especially if you are wary of your future job security, Smart Money suggests researching all other options as well when buying any big-ticket item. Maybe you need a new car and purchasing a vehicle with one of these plans tagged to it sounds like a sturdy investment. Think again; as simply buying an older, used car might be a better, and more financially-savvy, deal in the long run. 

Likewise with cell phone and mortgage plans. Consider the best overall option for your budget, rather than a glitsy plan that may, or may not, help you out for a brief period of time.