IncomeAssure

In today’s working environment, wouldn’t you like the assurance of a steady paycheck?

With IncomeAssure, you can have it. With the revolutionary new product, IncomeAssure, you can insure up to $250,000 of income if you lose your job.

Existing state unemployment insurance replaces a portion of your lost income during periods of unemployment. However, states cap your total weekly benefit at a fixed dollar amount, no matter how much you make. (For example, the maximum benefit in New York State is $405 per week, whether you were making $50,000 or $200,000 per year.)

For many Americans, state unemployment benefits are not sufficient for their standard living – or even to pay their most basic, pressing bills. With such a dramatic loss of income during unemployment, individuals can be forced to take drastic financial steps – borrowing against their home or on credit cards, or dipping into retirement savings.

There is an alternative.

IncomeAssure offers you unemployment benefits above the state caps, allowing you to insure the level of income you need if you lose your job.

The following are the key features of IncomeAssure:

• Premiums are based on salary, industry, and state of employment and range from approximately 0.5% to 2.0% of wages.
• Policies cover those with a salary between approximately $50,000 and $250,000 per year, among other criteria.
• Claims are coordinated with state unemployment benefits. An approved state unemployment benefit claim triggers IncomeAssure payments.
• There is a six month waiting period for new policyholders to begin claiming benefits to avoid adverse selection.

To learn more about IncomeAssure, please visit www.incomeassure.com.

IncomeAssure is the only product of its kind in the nation and is managed in a joint partnership between Assura Group of NY, Ltd and Sterling & Sterling, Inc.  The policies are underwritten by Great American Insurance Company, rated A XIV by AM Best