Supplemental Unemployment Insurance
Supplemental Unemployment Benefit Illustration:
Extended Unemployment Benefit* Illustration:
* Extended Unemployment Benefit options are only available in approved territories that offer a maximum state benefit term less than 26 weeks.
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This is the percentage of your covered salary that will be replaced by a combination of state benefits and IncomeAssure benefits. When on claim, state benefits + IncomeAssure benefits = that percentage of your salary.
"EP" or Elimination Period – This is the number of weeks you must wait between when you first accrue state benefits, and first accrue IncomeAssure benefits. The larger this number is, the lower the premium for your IncomeAssure policy.
"BP" or Benefit Period – This is the number of weeks for which IncomeAssure will supplement your state unemployment benefits. The lower this number is, the lower the premium for your IncomeAssure policy.
"EBP" or Extended Benefit Period – This is the number of weeks after your state benefits have exhausted that IncomeAssure will provide an Extended Unemployment Benefit equal to 50% of your former weekly salary if you remain unemployed. EPB benefit options are only available in approved states that have a maximum benefit period less than twenty-six (26) weeks.