SUPPLEMENTAL UNEMPLOYMENT INSURANCE  

Could your family live on state unemployment benefits alone?  

The average unemployed person has been looking for a job for 40 weeks. State unemployment programs help, but those benefits are capped at less than $60 per day on average, working out to an annualized salary of less than $22,000 a year. Could your family live on less than $22k?  

Most state unemployment programs are designed to replace 50% of a worker’s income. If you earn less than $50,000 a year, state benefits will generally provide this level of income replacement. But if you earn more than $50,000 a year, unemployment benefits—capped at just $235 a week in some states—won’t come close to meeting your needs.

 IncomeAssure offers peace of mind and financial security.

IncomeAssure protects your salary and supplements your state benefits so that, if you become unemployed, you still earn a total of up to 50% of your former income. State benefits often fall short, but the support provided by IncomeAssure helps you to live more comfortably until you find a new job.  

IncomeAssure can help you stay afloat without draining your hard-earned savings.  

If you lose your job, you and your family risk serious financial hardship, unless you have substantial savings or other available assets. And even if you do have a nest egg, how long would that money last? Would it cover your mortgage, your health care premiums, and other necessities until you found a job?  If you’re like most Americans, your savings would quickly be depleted. That’s where IncomeAssure comes in. 

Protecting your income with IncomeAssure is simple and affordable.

• Simple application process. Confidential application takes only minutes to complete online, and no paper documentation is required for coverage approval.  If you are currently employed and earning at least the following amount per year (income eligibility requirements differ by state), you may well qualify:

• No-hassle payouts. IncomeAssure payments start two weeks after state benefits begin, and are paid to you by check or by direct deposit, for up to 24 weeks.

• Low risk. 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 premiums you have paid will be refunded. Policies last one year, are easily renewable (waiting period does not apply to renewal policies), and you can cancel at any time.

• Affordable. Premiums generally range between 0.5% and 2% of your gross annual income and may be tax deductible (Check with your accountant to confirm).

Find out exactly how affordable peace of mind can be.

Get a quote online in just seconds or call 888-409-9643 today to speak with an insurance specialist to find out exactly how affordable peace of mind can be.

Coverage is underwritten by Great American Insurance Company which has been rated “A” (Excellent) or better by A.M. Best for over 100 years (as of March 29, 2012). 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 and product eligibility requirements, terms and pricing vary by state. 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. Sharefax Credit Union is not responsible for the content of this 3rd party site. Sharefax does not operate or control in any respect any information, products or services on this third-party site.  Privacy and security policies of the site you are moving to may differ from those practiced by Sharefax Credit Union.

Traducir la página al español