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.
You pay a premium (payment) each month for this coverage
[SafetyNet supplemental unemployment and disability insurance ranges from $ to $. Your first payment is not due for 30 days.]SEE PRICING OPTIONS
[due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded. If you’re a union member who can get jobs through a union hiring hall, you will need to send us proof that you were getting state-approved unemployment benefits on the 31st day after your job loss before you can get a benefit payment.]
[due to illness or injury that prevents you from working at your job for more than 30 days, unless specifically excluded
job loss you Knew about
[before you bought the coverage or if you quit, retire or are fired]
Disability That Starts In The First  Months Of Coverage
if caused by a condition you were treated for within the  months before your coverage started
[Job Loss Or Disability That Occurs In The First 30 Days Of Coverage]
[however, during the first 180 days, a full benefit is paid for Disability caused by an accident and a limited benefit equal to premiums paid is paid for covered Job Loss or Disability]
Job Loss Due To Normal And Routine Downtimes And Workforce Reductions
for seasonal and other jobs (like construction)
Job Loss Because The Job You Were Hired To Do Is Done
or the time period you were hired for ends
Disability Due To Normal Pregnancy,
alcohol or drug use, or elective surgery
Continued or Transferred Employment Following a Merger, Sale Of Business Or Outsourcing
even if your job title, employer of record or other employment terms change.
Job Loss Or Disability Due To Acts Of War Or Criminal Misconduct
or nuclear or natural disasters
A Job Loss Because You Quit, Retire Or Are Fired
for cause, including for poor job performance or improper workplace behavior
*This is a summary of what is not covered. The language of the policy controls what is covered and not covered. *
not as long as you continue to make payments.
Your SafetyNet™ is issued for a one-year term.
The policy will automatically renew for another one-year term as long as the required premium is paid and we approve.
You may choose
to end your policy at any time.
The policy will Also end if
the required payment (premium) is not paid, or when the lifetime benefit of $24,000 has been paid to you.