Juno offers a child disability insurance benefit that provides up to $500,000 in cash payments for parents if their child becomes severely ill or disabled, covering children aged 0 to 26. This financial safety net addresses the significant out-of-pocket costs and lost wages that parents face, enabling them to maintain their careers while caring for their children.
Funding
$8.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Parents face significant financial strain and career disruption when a child develops a severe illness or disability, often incurring substantial out-of-pocket costs and lost wages. Traditional employee benefits packages lack specific coverage for these situations, leaving a critical gap in financial protection for working families. This can force parents to make difficult decisions, potentially impacting their careers and financial stability.
Solution
Juno provides a child disability insurance benefit designed to act as a financial safety net for working parents. The benefit offers up to $500,000 in cash payments if a child between the ages of 0 and 26 becomes severely ill or disabled. These funds are paid directly to the parents, providing them with the flexibility to use the money as needed, whether for medical expenses, specialized care, or lost income replacement. Juno aims to alleviate the financial burden and provide peace of mind, enabling parents to maintain their careers while caring for their children.
Target Audience
The primary target audience is employers looking to enhance their benefits packages and support working parents, as well as parents and expecting parents seeking financial security in the event of a child's severe illness or disability.
Features
- Provides up to $500,000 in cash benefits per child.
- Covers children aged 0-26, including adopted, foster, and stepchildren.
- Offers monthly cash payments for up to 10 years.
- Provides personalized support and guidance from a dedicated navigator.
- Designed as an employee benefit to fill a gap in financial protection for working parents.