Pink slip protection offered by mobile phone company

Virgin Mobile

is the latest company to offer price protection for customers who lose their jobs.

Starting April 15, the phone company will offer what it calls "Pink Slip Protection" that will pay for three months of its service for new and existing customers who lose their jobs. Customers must prove that they're eligible for state unemployment benefits, and must have one of Virgin Mobile USA's prepaid monthly plans that don't have annual contracts.

While three free months of cell phone use while looking for a job may not sound like much time, it's a start that should help people get back on their feet and find a job, said Bob Stohrer, chief marketing officer for Virgin Mobile.