When Paychecks Take a Hit…

Wage Protector® - A Temporary Loss of Income Solution

Most of us need to work to earn an income to pay for all the things we need for a healthy and happy life. So who pays the bills for a W2 employee, Independent Contractor, or 1099 worker if they couldn’t work?

Available exclusively to employees, members or customers of sponsoring organizations.
 
 

Wage Protector
A Safety Net For An Insured That:

Becomes sick, hurt, and unable to work
Involuntarily loses their job
Finds new employment at a lesser wage

Why Sponsor Wage Protector®?

Because there are BIG gaps in our employment safety net:

In the third quarter of 2022, average weekly benefits were about $394 nationwide. 1

Only 35% of Americans get disability insurance through their employers,2 and for those who are covered, a 6-month waiting period is often required before insurance kicks in.

Unemployment and disability benefits may be taxed as regular income!

The result often is real – and unexpected - economic hardship for many families. Wage Protector is specially designed as a short-term bridge providing supplementary funds to help fill the gaps.

 


+ Click Here to See How Wage Protector Supplements Traditional Unemployment & Disability Programs +

Our three-in-one coverage goes above and beyond the traditional unemployment and disability programs. And remember, Wage Protector goes in effect on top of any coverage the insured person may have.

Unemployment
(varies by State)		 Group Long Term
Disability Insurance		 Group Short Term
Disability Insurance		 How Wage Protector
Can Help
How Much Does
It Pay?		 $235 to $795 per week
(depending on the State)		 Typically
60% of income		 50% or less
of income		 Monthly amount selected
by insured - in addition to any
other benefits received 1
How Long Do
Benefits Last?		 18 to 26 weeks Up to age 65 Typically
90 or 180 days		 3 to 12 months

1 Collect Disability benefit in addition to any other Disability coverage you receive. Collect unemployment benefits alongside state unemployment benefits. Total benefits received cannot exceed prior income.

Why Wage Protector is Different


GUARANTEED ISSUE CUSTOMIZABLEW2 OR 1099 CONTRACTORSPORTABLE INSURED CHOOSES BENEFITS

 
Disability

due to illness or injury


The bills, of course, don’t stop. Wage Protector provides additional income while recovering - in addition to any other disability insurance available.

Guaranteed Issue
No Health Questions to Apply
Pays in Addition to Other Coverage
Job Loss

involuntary unemployment


Not everyone gets a comprehensive severance package - Wage Protector helps make sure that important financial responsibilities can be met when incomes are disrupted by involuntary job loss.

Shutdown, Strike, or Lock-out
Natural Disaster Closure
SALARYGAP®

Re-employment at a lower income


All too often today, it is necessary to take a pay cut to get a new job. Wage Protector’s exclusive SALARYGAP® benefit helps bridge the financial gap.

Follows an involuntary unemployment period
Encourages Return to Work
 

Wage Protector® is only available through sponsoring organizations.

Sponsoring organizations could include Associations, Financial Institutions, Affinity Groups, Property Management Companies, Professional Employment Organizations, Unions, and more.

 
 

Sponsor Advantages: 

  • Coverage is designed for W2 employees, independent contractors, and 1099 workers

  • No administrative burden; we provide end to end enrollment, billing, and fulfillment

  • Low investment; sponsor agrees to support marketing and plan communication

  • No minimum participation

  • No potential liability as a group policy holder; each participating member, customer, or employee is issued their own individual policy

  • No minimum or maximum term or penalties for withdrawing sponsorship for any reason and at any time

  • Custom enrollment site built & managed for your organization. See a sample enrollment site in action.