Supplemental Unemployment Insurance
Great American’s Supplemental Unemployment unit offers an exclusive supplemental unemployment insurance program that helps individuals achieve financial stability in the event of involuntary job loss.
It can be difficult to meet basic living expenses and financial obligations, like tuition or mortgage payments, on state unemployment benefits alone. Though state unemployment systems are designed to replace 50% of a worker’s lost income, state benefits are capped at a fixed dollar amount that varies by state. As a result of low caps in many states, state unemployment benefits do not actually replace 50% of income for workers earning approximately $50,000 per year or more. This program closes the gap between state unemployment benefits and 50% of individual income so that an unemployed individual is still able to meet short-term financial obligations–without exhausting personal and retirement savings.
Visit IncomeAssure.com for more information or to apply.