BB&T Adds Supplemental Unemployment Insurance to Offerings

BB&T Insurance Services in Raleigh, N.C., has added supplemental unemployment insurance to its online product offerings.

Processing Content

Under the program, customers receive 50% of their former earnings if they are laid off through a combination of state coverage and IncomeAssure benefits, BB&T Insurance, a unit of BB&T (BBT) in Winston-Salem, N.C., said Tuesday.

Rates and benefits are customized to an individual's circumstances and vary by state, and industry. Monthly costs start at $10 and, on average, premiums are roughly 1% of annual income.

IncomeAssure is provided by Assura Group and underwritten by Great American Insurance.


For reprint and licensing requests for this article, click here.
Consumer banking
MORE FROM AMERICAN BANKER
Load More