SafetyNet is an insurance policy that pays you in the case of a covered unemployment or disability.You decide on the level of cash you want, and you can use it for anything you wish - rent, groceries, utilities, whatever you need.
It Pays What’s Called A “Lump Sum Benefit” — a single cash amount paid directly to you. That amount can range from $1,500 - $9,000, depending on what you choose when you buy your policy. Within a policy year, SafetyNet™ will pay out one lump sum benefit for disability and one lump sum benefit for layoff. Your lifetime maximum benefit (total amount of lump sum benefits paid) is $24,000.
You Pay A Premium (Payment) Each Month For This Coverage. SafetyNet supplemental unemployment and disability insurance ranges from $5 to $30. Your first payment is not due for 30 days — which is also when you can first file a claim. See pricing options.
Job Loss due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded
Disability due to illness or injury that prevents you from working at your job for more than 30 days
A Job Loss You Were Told About before you bought the coverage or if you quit, retire or are fired
A Disability That Starts Within The First 6 Months Of Coverage if caused by a condition you were treated for within the 6 months before you bought the coverage
Normal Routine Downtime for seasonal and other jobs (like construction)
Disability Due To Normal Pregnancy, alcohol or drug use, or elective surgery
Job Loss Or Disability That Occurs in the first 30 days of coverage
Job Loss Or Disability Due To Acts Of War or nuclear or natural disasters
No, not as long as you continue to make payments.
Your SafetyNet™ Is Issued For A One-Year Term. The policy is non-renewable: The policy is issued for a 1-year term. It will end after 1 year. It cannot be renewed by you or by us.
You May Choose to end your policy at any time.
The Policy Will End If the required payment (premium) is not paid, or when the lifetime benefit of $24,000 has been paid to you.
Each policy is issued for one year and is non-renewable
“The piece of mind provided by SafetyNet lets me know that, should I lose my job or become injured, I don’t have to worry about where my next meal is coming from. It’s a small price to pay for peace of mind.”
— Justin L. / Racine, WI
“SafetyNet brings me peace of mind. I know that I'll be able to cover the costs of bills and so forth if a sudden change were to occur in my employment. This helps me sleep easier and live a more stress-free life. It is important to have a backup plan and Safety Net provides exactly that.”
— Jesse G. / Baraboo, WI