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Job Loss and Disability Insurance Launches in North Carolina to Provide Money After Income Loss

October 24, 2018

MADISON, Wis.--(BUSINESS WIRE)--Oct 24, 2018--SafetyNet, a first-of-its-kind insurance that provides workers a lump-sum payment after an unexpected layoff, illness or injury, launched recently in North Carolina.

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 a quick decision/approval and customers are paid out within a few days of approved claims. SafetyNet’s fixed monthly premiums range from $4.50 to $27. Approved claims pay from $1,500 to $9,000.

“Research shows that over sixty percent of people in North Carolina have less than $1,000 in savings, and over forty percent have no money saved 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.”

North Carolina workers can use SafetyNet 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, losing even one paycheck could uproot a household’s entire financial security,” 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 North Carolina, SafetyNet currently serves residents of Wisconsin, Iowa, South Carolina, Mississippi, Missouri, Oklahoma, Georgia, Michigan, and Colorado.

For more information on SafetyNet, please visit www.safetynet.com.

About SafetyNet

SafetyNet is a values-driven, mission-based insurance program that was founded to help improve the financial well-being of millions of hardworking people. SafetyNet insurance plans provide workers with a lump-sum payment following an unexpected layoff, extended illness, or injury. SafetyNet is brought to you by a multibillion-dollar insurance group with 80 years of industry expertise. Headquartered in Madison, Wisconsin, SafetyNet currently serves residents of Colorado, Georgia, Iowa, Michigan, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, and Wisconsin. To learn more about SafetyNet, visit www.safetynet.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181024005213/en/

CONTACT: for SafetyNet

Abby Duke, (615) 427-2640

abby@propllr.com

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA WISCONSIN

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY PROFESSIONAL SERVICES FINANCE INSURANCE

SOURCE: SafetyNet

Copyright Business Wire 2018.

PUB: 10/24/2018 09:00 AM/DISC: 10/24/2018 09:00 AM

http://www.businesswire.com/news/home/20181024005213/en

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