Introducing Innovative Income Protection Products
that protect income from disruption from unemployment, unpaid leave under family medical leave act, disability, death and other risks
SalaryProtectorSM
is an innovative income protection product that protects loved ones in the event of the insured’s unexpected death
How SalaryProtectorSM Works
SalaryProtectorSM pays the elected beneficiary(s) a monthly income benefit for five years in the event of the insured’s death prior to age 65.
For an additional charge, an optional extension of benefit feature can be elected to extend the income benefit for additional periods up until the deceased insured would have reached age 65.
SalaryProtectorSM provides higher benefit amounts when they are needed most at a relatively lower cost to lump sum level term life insurance.
Guaranteed issue. No medical underwriting for base benefit level.
Worksite payroll deducted premium. Conveniently available at the worksite through select employers.
Portable. SalaryProtectorSM is portable. In the event the insured changes their employer, they can continue to keep the product in-force up to age 65 by continuing to pay the premium through a bank draft.
Life is unpredictable and your absence will place your loved ones under considerable financial stress apart from the emotional loss. Protect your family by protecting your income with SalaryProtectorSM.
IncomeAssure®
is an innovative supplemental unemployment insurance product
How IncomeAssure® Works
State benefits typically replace 50% of income for 26 weeks but are capped with an average of $425 maximum weekly benefit. Thus individuals with more than $45,000 income typically receive less than a 50% benefit amount.
In the event of a qualified unemployment event, IncomeAssure® will gross up your weekly state unemployment insurance benefit, so that your total benefit is 50% of your income prior to unemployment for a period of 26 weeks.
For an additional charge, an optional feature can be elected to increase the % of your prior income protected or the length of the protection period.
Pursue re-employment options with confidence rather than making a hasty decision.
Simple electronic policy issuance. Quick, paperless application and policy issuance.
Worksite payroll deducted premium. Conveniently available at the worksite through select employers.
Live with the peace of mind that if you were to lose your job, you would have financial security. Protect your family by protecting your income with IncomeAssure®.
Ready to find out more?
Insurance carriers, distributors, benefit administrators, employer groups, and investors interested in partnering with Montshire Advisors, please contact us at 617-500-0008 or