![]() ![]() Generally, you should consider a term life insurance policy to: That is, you can take the coverage with you if you leave your company.specified period of time They may also give you the option to port. Term policies pay benefits if you die during the period covered by the policy, but they do not build cash value. If you stop paying premiums, the insurance coverage stops. Term life insurance pays a specific lump sum to your loved ones and provides coverage on your life for a specified period of time – usually from one to 20 years. More information about PlanSmart Financial Wellness is available at insurance comes in two main types – term and permanent – which may both be available through your workplace. "MetLife has been in the business of improving employees' financial health for over 100 years, and our expertise in understanding employee needs uniquely positions us to guide employers and employees as they begin to focus on to financial wellness." By integrating the employers’ benefit options at the center of PlanSmart Financial Wellness, this solution connects guidance back to resources available at the employees' workplace," notes Ryan-Reid. "We believe employee benefits are the foundation for a successful financial future. ![]() And, the experience is connected across channels-action steps started in one channel can be completed in another. These action steps evolve as the employee’s life and work change, providing a personalized path to financial wellness. Employees are also encouraged to remain engaged and take action through proactive features, such as checkups and reminders. The solution's "smart" platform saves the employee's activity so they can pick up where they left off the next time they login. In-person guidance: Employees can take advantage of workplace seminars and one-on-one consultations with local MassMutual financial advisors.All guidance is confidential and objective. Phone support: Extensively trained and experienced EY financial planners offer phone-based financial planning.Employees can select the goal they want to achieve-paying down debt, planning for retirement-and are provided a personalized plan broken down into bite-sized activities and unlimited access to online resources and tools. Intuitive digital experience: Powered by EY technology, the PlanSmart Financial Wellness website helps employees create a financial wellness plan, based on their financial needs and goals.By investing in financial wellness, employers can help their workforce become more engaged and productive."īuilding on MetLife’s PlanSmart workplace financial education program, which has offered workshops and one-on-one consultations for more than 20 years, PlanSmart Financial Wellness offers employees an integrated, multi-channel experience, giving them the opportunity to engage in the way that makes most sense to them, including: "These concerns can impact other areas of employees’ lives, including their productivity at work. Employee Benefit Trends Study (EBTS), released last month, found about half of employees, 46%, feel overwhelmed by financial decisions," says Meredith Ryan-Reid, senior vice president, Group Benefits, MetLife. "Employees are struggling when it comes to their finances-MetLife's 16 th Annual U.S. The offering features a multi-channel experience that focuses on behavioral change, with tools and guidance that empower employees to build financial literacy, confidence and wellbeing. This launch follows MetLife’s announcement in March 2018 that it had formed a strategic alliance with Ernst & Young LLP (EY). MetLife (NYSE: MET) announced today the availability of PlanSmart ® Financial Wellness, its new financial wellness solution. ~ The Integrated, Multi-Channel Financial Wellness Solution Empowers Employees to Take Action on Their Financial Health ~ ![]()
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