“Workers excessively concerned about income security perform less well at work”
“Unemployment can lead to an emptying out of retirement and college savings accounts, as well as the loss of other assets, like a home.”
“Job security ranks among the highest concerns of unmarried adults”
“Americans have a new No. 1 problem. Nearly one in four Americans mention jobs and unemployment as the most important problem facing the country…”
Introducing First Group Supplemental Unemployment Insurance Product in the US
Blackmoor General Insurance Agency Announces Nation’s First Group Supplemental Unemployment Insurance Product- WageSecureTM
Blackmoor General Insurance Agency CEO, Greg Hall, announced the launch of Wage Secure TM , an innovative employee benefit offering insurance designed to help meet the needs of middle- and upper-income employees who have become involuntarily unemployed. Mr. Hall explained “Today’s workplace is rapidly changing. For employers to succeed they need to be nimble and adaptable in both their strategies and workforce. As a result, job security is less secure than ever.”
Offered on a group basis, employers can provide this important income protection to their valued employees either as a paid benefit or on a voluntary basis. State unemployment benefits have a modest weekly cap, only $425 maximum on average, leaving many employees severely unprepared for their financial responsibilities when unemployed. WageSecureTM gives employees peace of mind by giving them income protection while looking for their next career opportunity after a loss of employment.
WageSecure TM is underwritten by AXIS Insurance Company and offered exclusively through its managing general agency Blackmoor General Insurance Agency.
About Wage Secure
Wage Secure is a simple product to market, communicate, enroll and administer. Wage Secure LLC is a private company created by Blackmoor General Agency. Blackmoor is a wholly owned subsidiary of Signature Consulting Services (SCS). Their expertise is managing unique niche insurance products and services. Wage Secure and Wage Secure logo are registered trademarks of Wage Secure, LLC.
U.S. insurance coverage is underwritten by AXIS Insurance Company. AXIS Insurance Company is rated “A+” (Strong) by Standard and Poor’s and “A+” (Superior) XV by A.M. Best. Coverage is subject to exclusions and limitations, and may not be available in all U.S. states and jurisdictions. Product availability and plan design features, including eligibility requirements, descriptions of benefits, exclusions or limitations may vary depending on state laws.