BB&T Offers Supplemental Unemployment Insurance

BB&T Insurance has added supplemental unemployment insurance to its online product offerings. With IncomeAssure, a supplemental unemployment insurance product, if an insured is laid off, they receive 50 percent of their former earnings, replaced through a combination of state coverage and IncomeAssure benefits payments.

"BB&T is proud to take the lead in offering a product that truly goes to the heart of what so many of our customers worry about on a daily basis," said Randy Screen, manager of the Marketing and Sales unit at BB&T Insurance Services. "This offering is something we have not been able to offer our customers before and something we're pleased to make available now."

Product Features

• Rates and benefits are customized and vary by state, industry and the level of benefits desired.

• Payment options include: annual, quarterly and monthly premium payment plans.

• Monthly costs can be as low as $10; premiums are approximately 1 percent of annual income on average.

"We are tremendously excited to be launching with BB&T," said Greg Sawers, IncomeAssure’s CEO. "We applaud BB&T's continued dedication to product innovation."