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Home / Insurance / Employers note that financial well-being becomes more important – Blog on legal insurance – 22 December 2020

Employers note that financial well-being becomes more important – Blog on legal insurance – 22 December 2020



  stockfresh_6378534_financial-freedom-concept_sizeS-300x192 The Research Institute for Employee Benefit (EBRI) recently conducted a study on economic well-being that yielded interesting results. The published report, "2020 EBRI Financial Wellbeing Employer Survey: COVID-19 Driving Benefit Offers and Potentially Forcing Budget Decisions," shows a definite shift in focus for financial health programs. Instead of concentrating on retirement savings, there is more concern about the employee's financial finances overall stability.

Key Findings

The study shows that productivity is a driving force for financial health programs in addition to retaining employees. COVID-19 has caused incredible anxiety among employees who are worried about money. Stress can affect performance and employers understand the need to react proactively. Coaching is a topic that is addressed and forward-looking employers examine the impact of health care.

None of this is a surprise for nationwide prepaid legal services. We have been offering financial health benefits for several years, and our customers respond positively to the help we provide to employees. We know that employees sincerely appreciate the ability to provide good services to people in these times.

The individual is the core

The nationwide plan is centered around the plan member and responds to individual needs. We provide important services through a nationwide network of certified advisors. These are experts on financial well-being who deal with everyday problems such as balancing a budget and dealing with bankruptcy. The advisors give our plan members priority treatment. Everyone included in the plan can expect immediate service when requested.

We emphasize the basics

Nationwide is concerned with solving the basic problems that many people have. A budget analysis is performed by a nationwide advisor to understand the financial challenges of a plan member. The advisor then helps an individual create a working budget that pays all the bills.

Employees are different groups demographically and the needs vary between age groups. A young employee may be worried about university debt while an older worker may face serious medical costs. Those in the middle of the years may be wondering how to afford a house and some other large ticket costs.

Nationwide will provide the coaching and guidance all of these people need to respond to their individual concerns. Not everyone wants to talk about their finances. It can be an extremely sensitive subject, and no one wants to look irresponsible. We appreciate it.

Our counselors are expected to show high levels of emotional intelligence. These professionals answer questions with empathy and courtesy. There are no rigorous lectures for a person to endure. Instead, problem-solving advice and suggestions are given. The advisors will develop a report with plan members who get the job done and the problems solved. We recruit our advisors on their financial understanding and their communication skills.

The employer is always included

The nationwide plan is the result of a collaboration. Employers know what their employees need better than we do. We explain all our benefits to a potential customer and answer all questions asked. The employer then decides which benefits are to be included in the plan. Only these choices will be in the final document. Nationwide furniture administration and ensures that services are provided on time. Our membership services are considered to be among the best in the industry.

We really hope that COVID-19 will one day disappear. Financial problems and the need for advice will still be a source of concern for employees. We can help and worry you and give your employees what kind of benefit they will use. The same help lets employees know how deeply you care about them and their personal well-being. Gratitude is reflected in longer retention and increased productivity.

If you have any questions about the nationwide plan, please feel free to contact us at your convenience. Now is a great time to take a serious look at financial well-being. You will quickly discover that Countrywide offers a great benefit that your employees will take advantage of.


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