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Premium: • The premium is the amount an individual must pay for future shield insurance coverage. • In this example, the sample premium is $5000 per year. • The actual premium amount may vary based on factors such as the individual's industry, job, and choice of coverage level. • The tailored approach to premiums ensures affordability for individuals in various industries and professions. Limits: • The limit refers to the maximum amount of benefits or financial assistance an individual can receive under the future shield insurance policy. • In this example, the sample limit is $75,000 per year. • The policy will provide financial assistance up to this specified limit if the individual becomes unemployed and is eligible for benefits. • The limit is designed to ensure individuals receive adequate support during their transition period, covering various expenses such as living costs, job search expenses, and training or education costs. • The specific limit may vary depending on the policy and insurer, so individuals should review their policy documents for the exact limit that applies to them.
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