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Income Assure Unemployment Insurance

Supplemental Unemployment Insurance

Could your family live on $22,000 a year?

The average unemployed person has been out of work for 40 weeks. Since state unemployment typically pays only $60 a day, that’s like living on a salary of less than $22,000 a year.

Those who have done well financially often struggle on unemployment benefits.

If you lose your job, you and your family risk serious financial hardship. 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. 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 are like most Americans, your savings would quickly run out in the time it takes to find a new job.

That’s why Emery Federal Credit Union and Assura Group are introducing IncomeAssureĀ® Supplemental Unemployment Insurance.

Supplemental Unemployment Insurance can help reduce unemployment stress.

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 2 weeks after your state benefits begin.

Example: John, city planner in Cincinnati, OH, annual salary $90,000:

Without IncomeAssure With IncomeAssure
Former monthly salary: $7,500 Former monthly salary: $7,500
Monthly unemployment: $1,739 Monthly unemployment:
+ IncomeAssure benefit:
$1,739
$2,024
Total monthly income: $1,739 Total monthly income: $3,763

Cost - $31.01 a month! (Rates as of 2/26/13)

Protecting lost 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 tax-preparer 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. The waiting period does not apply to renewal policies.
  • Policies last one year, are easily renewable, and you can cancel your policy at any time.

Call 888-618-2071 today to speak with an insurance specialist and find out exactly how affordable 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 this 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.