Supplemental Unemployment Insurance

Could your family live on $22,000 a year?  Have you heard of Supplemental Unemployment Insurance?

Those who have done well financially often struggle the most on unemployemnt benefits. The average unemployed person has been out of work for 40 weeks. State unemployment typically pays only $60 a day - that’s like living on a salary of less than $22,000 a year!

State unemployment benefits were designed to replace 50% of a worker’s lost income; however, all states now cap the benefit amounts. If you earn more than $50,000 a year, unemployment benefits won’t come close to 50% of your former salary.

If you lose your job, you and your family risk serious financial hardship. Even if you have a nest egg, how long would that money last? How long would it cover your mortgage, health insurance premiums, and other necessities? If you’re like most Americans, you likely have a big gap in your insurance planning as it relates to unemployment benefits.

That’s why Wilson Insurance and Assura Group are introducing IncomeAssure® Supplemental Unemployment Insurance.

Supplemental unemployment insurance protects your salary and supplements your state benefits so that if you become unemployed, you can still collect up to 50% of your former salary.

Supplemental unemployment insurance can help your family stay afloat without draining your hard-earned savings.

  • Benefits are paid to you by check or direct deposit, for up to 24 weeks
  • Payments are triggered by the collection of state benefits and start two weeks after your state benefits begin
John, 36, Richmond, Virginia - City Planner, Annual Salary: $90,000
Without Supplemental Unemployment Insurance With Supplemental Unemployment Insurance
Former monthly salary: $7,500 Former monthly salary: $7,500
Monthly unemployment: $1,644

Monthly unemployment: $1,644
+ Supplemental Unemployment Insurance payment:
$2,119

Total monthly income: $1,644 Total Monthly Income: $3,763
              No Plan                         Plan cost: $22.29 a month (as of 7/10/15)

Protecting your annual income with Supplemental unemployment insurance is easy and affordable:

  • Premiums generally range between 0.5% and 2% of your gross annual salary.
  • Premiums may be tax deductible. (Check with your accountant to confirm).
  • If you are currently employed and earning more than $50,000 per year, you may qualify. (There are lower income eligibility requirements for some states).
  • You are eligible for benefits following a six-month waiting period. If you are unemployed or have an impending layoff during the first six months of your policy, you are not eligible for benefits, but IncomeAssure will refund all the premiums you have paid.
  • Policies last one year, are easily renewable, and you can cancel your policy at any time.

Call 888-428-3133 today to speak with an insurance specialist and find out exactly how affordable this peace of mind can be.

 

*The premium rates shown are only examples and are not an offer of coverage. Actual premium rates are based on individual circumstances. As a result of underwriting, final premium rates may differ from the premium rates used as examples here.

*The insurance product description is summarized. Refer to the actual policy declarations and policy form for a complete description of all applicable terms, conditions, limits and exclusions. The insurance product may not be available in all jurisdictions.

*Clicking the Get a Quote button will open a new browser window and redirect you to IncomeAssure.com. The link is provided for your convenience. Assura Group of NY, Ltd. is wholly responsible for the content and services offered on its website.

What Our Customers Say!

"I wanted to let you know what outstanding customer service I experienced today. Jennifer Wakefield contacted me because she had been notified  that I purchased a new car and had not yet reported it on my auto policy.  At the time I purchased the car, the dealership assured me they would be contacting your agency to make the switch and to verify that I had certain levels of coverage.  Imagine my dismay to learn that five weeks had gone by, and this call had not been made!  Jennifer took care of all the loose ends for me and was very kind and responsive throughout all of our communications.

I have had Home, Auto and Umbrella Liabilty coverage through your agency for four years.  Every time I contact your staff,  I am blown away by how helpful and kind everyone is, and how consistent your service remains, regardless of who I am speaking with.  You have a fantastic team of employees.   Keep up the great work!"

Meghan Claffey Cline, MHS - Nutritional Interventionist, Wake Forest University

Read what others have to say.

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