Judd Kessler leads investment in InsuredSupport.Com and joins board
Judd Kessler was founder and President of Abacus Data Systems, Inc. (AbacusLaw now AbacusNext) from 1983 to 2015 when he sold the technology company to spend full time on investing and growing other leading edge businesses. “Being the first to offer something groundbreaking is what I’ve always done”, said Kessler. “I’m delighted to join the board of InsuredSupport and introduce the only policy of its type that can help so many divorced parents at the very time that they need the greatest financial help.”
This new insurance, created by InsuredSupport.com and underwritten by Great American Insurance Group, is the only policy of its type. It pays child support and alimony when unemployment strikes, which seems to happen to almost everyone during their lifetime.
Among the leading edge features of this new policy is that either the supporting or receiving spouse can go online and purchase it, without any court order or other permission requirements.
Too many divorced parents are in default of their support obligations because they got laid off. “I believe this new insurance is going to become the new standard in divorces and prevent wage garnishments and other more embarrassing, invasive and costly collection efforts that plague so many divorced couples,” says Kessler. “The need and potential market for this type of coverage is huge.”
Great American Insurance Group Launches Program to Insure Child and Spousal Support During Qualifying Periods of Unemployment
March 23, 2017 – Cincinnati, Ohio – Great American Insurance Group is pleased to announce that IncomeAssure®, its supplemental unemployment insurance program, is the product of choice for the Marital Settlement Agreement Insurance Program (MSAI). MSAI was developed by Richard S. Zizian, JD to insure divorce obligations under a court-ordered marital settlement agreement.
With MSAI, family law attorneys can arrange insurance that covers the payments of child and spousal support on behalf of an obligated party for up to 24 weeks per year during qualifying periods of unemployment. The coverage is designed to renew annually for the term of the marital settlement agreement, subject to the terms and conditions in the policy. Policy benefits are paid directly to the party receiving child and spousal support payments. Coverage is underwritten and rated on behalf of the obligated party.
According to Zizian, “In the United States, approximately 3,300 divorces occur each day, which totals nearly 1.2 million divorces per year. Despite the good intentions of divorced parties to meet their court-ordered legal obligations, short-term, critical period financial shortfalls may arise when unemployment occurs. These situations can disrupt an obligated party’s ability to meet scheduled payments. When an obligated party becomes unemployed, non-payment of court ordered payments creates both financial and legal challenges.”
Lyle Clem, Product Manager at Great American Insurance Group’s Unemployment Risk Solutions, states, “We’re pleased to work with Richard Zizian to develop the MSAI Program. MSAI aligns with our commitment to protecting unemployment risk by helping divorced parties financially bridge any potential unemployment issues.”
The MSAI Program will be marketed nationally by the Zizian Agency, and is available in all states except Alaska and Hawaii. MSAI Program brochures, answers to frequently asked questions, sample policy forms, underwriting criteria and attorney resource manuals can be obtained at maritalsettlementinsurance.com. Attorneys may receive MSAI Program information by emailing email@example.com or by calling 619-236-0569.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 100 years (most recent rating evaluation of “A+” (Superior) affirmed May 12, 2016). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Policies are underwritten by Great American Insurance Company, an authorized insurer in all 50 states and DC. Coverage is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions. Great American Insurance Group, 301 E. Fourth St., Cincinnati, OH 45202.
SterlingRisk is one of the nation’s top 25 privately held insurance brokers and adheres to the highest standards of professionalism and client service. It has earned the AICPA Service Organization Control Reports® prestigious SSAE 16 compliance ratings and is working toward the SSAE 16 certification. SterlingRisk also has been awarded the Best Practice Designation by The Target Markets Program Administrators Association (TMPAA) after completing an evaluation process developed by the Target Markets Board of Directors in consultation with the Association’s Carrier Partners. In addition, they are a member of the Better Business Bureau.
About the Zizian Agency:
Richard S. Zizian JD has 49 years of experience in the insurance and risk management industries. He is nationally and internationally recognized for developing unique, first-of-a-kind, insurance and risk management solutions in a wide variety of industries, including consumer protection, manufacturing, solar, wind, sanitation, security, power transmission and warranty solutions. Mr. Zizian will spearhead the marketing of the MSAI Program.
Diane P. Weidner
Great American Insurance Group