What does SafetyNet pay?
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.
What do I have to pay?
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.]
What is covered?
[due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded]
[due to illness or injury that prevents you from working at your job for more than 30 days]
What is not covered?
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
[A Job Loss Because You Quit, retire or are fired]
[for cause, including for poor performance or for improper workplace behavior]
When does the policy end?
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.