Degree Insurance Co.

Degree Insurance Co. (DI) provides income insurance specifically for college graduates, ensuring minimum earnings for five years after graduation based on their major.

If actual earnings fall short, the company offers payouts to help graduates manage their financial situations. Operating primarily in Illinois through The Education Insurance Corporation of Illinois, DI partners with colleges to offer its "American Dream Insurance" to entire classes of undergraduates. Founded by CEO Wade Eyerly and co-founder Dennis Murashko, Degree Insurance aims to address issues of educational failure and student debt. The guaranteed salary is calculated based on the student's major and institution. Graduates can submit claims through an online portal, and if their total earnings are below the guaranteed amount, DI pays the difference. The company is currently piloting its product with Augustana College and is actively seeking additional institutional clients.