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How SafetyNet™ Works: A New Kind of Income-Loss Insurance

How SafetyNet Insurance Works: A new kind of unemployment insurance

“Peace of Mind, Plain and Simple”

According to a Federal Reserve report released last May, 46% of American’s surveyed said they did not have enough savings on hand to pay an unexpected $400 expense. Should they find themselves out of a job, a recent Bankrate Money Pulse survey suggested more than a third of those without enough savings turned to credit cards or to friends and family to cover an unexpected bill, or they simply didn’t pay it.

Add to that the rising cost of health care, college education and mounting debt and the reality is clear: it’s hard enough to save for a car repair much less an unexpected layoff or disability.

In other words: if this sounds like you, you are far from alone. And that has financial analysts concerned. After all, your household’s financial predicament mirrors our nation’s savings crisis.

SafetyNet™: Part of the Solution

Designed by a team of financial experts who dared to imagine a new way of tackling the savings crisis, SafetyNet  allows you to help secure your and your family’s future without an arduous savings plan. Acting as private unemployment insurance and backed by an 80-year-old financial group, SafetyNet’s sole purpose is to provide members with a quick infusion of money (a financial “safety net”) in the event of an unexpected layoff or disability.

Now for less than the cost of one meal per month, you could receive a lump sum of $9,000 should you lose your job. With SafetyNet, you can continue to claim other social benefits like government- and employer-backed programs. But unlike those programs, SafetyNet allows you to decide the amount of cash you will receive, so it isn’t tied to the amount you make. Claims are delivered fast, and you are in total control of what you’ll spend it on—rent, groceries, utilities, whatever you need.

It’s simple:

There is no fine print, nothing to hide. Everything you need to know is here in easy-to-understand language.  Your eligibility is not tied to your credit score, you just need to be working at least 20 hours per week for wages for someone other than yourself.

It’s easy:

Take just 5 minutes to fill out an online application and receive immediate approval.

It’s affordable:

Monthly payments range from $5-$30.

It’s immediate:

Most approved claims will be paid within 2 business days.

It’s flexible:

You may cancel the insurance at any time, meaning there are no long-term commitments.

HERE’S HOW SAFETYNET WORKS

  1. Decide what you can pay:

On the premium you choose, here is the one-time lump sum you receive if you get laid off or can’t work for at least 30 days due to an illness or injury.

If you pay $5 monthly, you receive $1500.

If you pay $10 monthly, you receive $3000.

If you pay $20 monthly, you receive $6000.

If you pay $30 monthly, you receive $9000.

Within one calendar year, you can receive one benefit for a layoff and one for disability. In addition, there is a lifetime benefit maximum of $24,000.

  1. Pay automatically each month:

Your first payment is not due for 30 days—which is also when you can first file a claim.

  1. File a claim should you lose your job:

Contact SafetyNet to file a claim. We will make most approved insurance claim payments within 2 days.

SafetyNet simply and efficiently supplements slow and clunky government unemployment insurance and overly complex disability insurance. It is easy, affordable and designed to meet the needs of those struggling to build up their savings.

Sound like you? Take 5 minutes to apply today and insure your peace of mind.

JOB INSURANCE COVERAGE

What SafetyNet insurance covers:

Job loss due to:

  • business closing;
  • job elimination;
  • other employer-initiated separation not otherwise excluded.

Disability due to:

  • illness or injury that prevents you from working at your job for more than 30 days.

What SafetyNet doesn’t cover:

Job loss:

  • that occurs within the first 30 days of signing up;
  • that you were told about before you bought the coverage;
  • that is due to normal routine downtime for seasonal and other jobs (like construction);
  • caused by you quitting, being fired, or retiring;
  • due to acts of war or nuclear or natural disasters.

Disability:

  • that occurs within first 30 days of signing up;
  • that is caused by a condition you were treated for within 6 months prior to buying coverage;
  • caused by a normal pregnancy, alcohol or drug use or elective surgery;
  • due to acts of war or nuclear or natural disasters.
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