BB&T Insurance Services Inc. has begun offering a supplemental unemployment insurance product at its insurance.bbt.com website.
The product, called IncomeAssure, enables clients to manage the financial risk resulting from the loss of a job, the company says.
“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,” Randy Screen, manager of the marketing and sales unit at BB&T Insurance Services, says in a company press release. “IncomeAssure allows our clients to protect themselves from financial risk and allay anxiety during this difficult economy. This offering is something we have not been able to offer our customers before and something we’re pleased to make available now.”
On average, premiums will be approximately 1 percent of annual income, the company says.