Prudential develops means to measure financial well-being of workersΤετάρτη, 18 Μαρτίου 2015 19:03
NEWARK, N.J. - Prudential Group Insurance, a business of Prudential Financial, Inc. (NYSE:PRU), introduced a tool that allows employers to measure the financial wellness of their workers.
The new tool, called Prutection ScoreSM, gauges how financially prepared employees are, should a risk event occur, by looking at the resources available to them – personal funds and insurance coverage – relative to the resources needed. This holistic approach helps employers determine if their employees are in a position to cover their families’ financial needs should they experience a loss of income or financial challenges linked to a critical illness or accident.
“There is no doubt people worry about their finances, and employers are increasingly helping their workers sort out how to deal with this,” said James Gemus, senior vice president, Distribution & Product Management, Prudential Group Insurance. “The more we can help employers keep their employees financially fit, the less employees need to worry about money, which can lead to increased productivity.”