#1 Job Loss and Disability Insurance - Secure Your Future Now! | Beem
Get up to $1,000* for covered
Job Loss or Disability
Help keep your finances stable with extra protection against loss of income from unforeseen circumstances.
*Terms apply.
How does it work?
Subscribe to Beem
Enroll at least 30 days before Job-Loss or Disability
Activate your Everdraft™
An active Everdraft™ is required to be eligible
File a claim to get up to $1,000*
File a claim & get funds in your Beem Balance
What does Payment Guard Insurance do?
Insurance coverage without any additional cost to you
Hassle-free benefit payment up to $1000* on approved claims
Fast and convenient claims process
In case you are curious
- Your loss of employment meets the definition of Job Loss;
- Your Job Loss starts more than 30 days after the certificate effective date and
- the Job Loss is not specifically excluded from coverage.
- Your disability meets the definition of Total Disability,
- Your Total Disability starts more than 30 days after the certificate effective date,
- Your physician has stated that Your Total Disability is expected to last longer than 30 consecutive days; and
- the Total Disability is not specifically excluded from coverage.
What is TruStage™ Payment Guard?
TruStage™ Payment Guard insurance is a unique and simple benefit that is designed to provide additional financial security by providing insurance benefits up tp $1,000 towards your Everdraft™ instant cash, if you lose your job due to a layoff, a job elimination or business closing due to no fault of your own or if you get hurt or sick and can't work at your job for 30 days or more.
Do I have to pay this money back?
No, this is not a loan, it is an insurance benefit.
I was employed by someone else when I took out instant cash, but now I am self employed, am I eligible for a claim?
If you are self employed at the time of a claim event, you will not be eligible for job loss benefits.
How does this impact my credit score?
TruStage™ Payment Guard insurance is an insurance product does not impact your credit score.
Why is Beem paying for this?
Beem cares about you and your finances. This is in line with Beem's vision of creating an equitable financial future for all and wants to ensure you have one less thing to worry about during uncertain times, so you are able to focus on getting back on your feet after an unexpected job loss or disability.
What types of job losses are covered?
A Job Loss is covered if:
How do you define disability?
Total Disability means you are unable, because of a medically determined sickness or injury, to perform the essential functions of your occupation at the time your disability starts. If you are no longer employed when your disability starts, Total Disability means you are unable because of a medically determined sickness or injury to perform the essential functions required of any occupation for which you are reasonably qualified by education, training or experience.
What is a covered total disability?
A Total Disability is covered if:
How do I file a claim?
You may begin a claim by clicking the claim link on the app.
How many claims can I have in a year?
You can make two different types of claims in any one policy year. You can make one claim per policy year for job loss and one claim per policy year for disability. A policy year is the 12-month period from the time your coverage begins.
Are there lifetime maximums to claims?
You are limited to $25,000 of lifetime benefit payable under TruStage™ Payment Guard insurance including coverage under any and all Certificates of insurance.