SafetyNet Job Loss and Disability Insurance Provides Georgians Money after Income Loss
Thursday, October 11th, 2018
SafetyNet, a first-of-its-kind insurance that provides workers a lump-sum payment after an unexpected layoff, illness, or injury, launched in Georgia.
Starting at less than $10 per month, SafetyNet’s insurance lets customers insure their income and have greater peace of mind over their financial security. Applications receive quick decision/approval and customers are paid out within a few days of approved claims. SafetyNet’s fixed monthly payments range from $4.50 to $27 and pay out from $1,500 to $9,000.
“Research shows nearly eight out of 10 workers are living paycheck to paycheck and almost half of Americans have less than $1,000 in savings, and often no savings at all,” said SafetyNet President Dan Kaiser. “SafetyNet is there so people won’t have to dip into retirement savings or borrow money after a sudden financial shock, such as an unexpected layoff or injury.”
SafetyNet customers can use funds from approved claims to cover any and all expenses after income loss, whether or not they have access to other unemployment and disability benefits. SafetyNet coverage is hassle-free and affordable, unlike traditional disability and supplemental unemployment insurance products, which are limited, slow, and fragmented.
“For many Georgia residents, losing even one paycheck can wipe out their entire savings,” Kaiser said. “SafetyNet prevents that by providing affordable access to an emergency fund when workers and their families need it most.”
SafetyNet is backed by the financial strength and industry expertise of an 80-year-old, multibillion-dollar insurance group whose mission-driven products aim to improve the financial well-being of millions of hardworking people. In addition to Georgia, SafetyNet currently serves residents of Wisconsin, Iowa, South Carolina, Mississippi, Missouri, Oklahoma, North Carolina, Michigan, and Colorado.