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Let’s feel better about financial wellness.

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The numbers tell the story.

Too many people aren’t prepared for unplanned financial risks.

  • Nearly 2 out of 5 people could only pay their bills for three months or less if they lost their income.1
  • And more than 50% have less than $10,000 saved.2

But improving financial wellness is a challenge we can help them meet.

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The Power of the Wellness Effect

Prudential believes that when more employees experience financial wellness, the impact is felt everywhere—from families to workplaces to communities. See what we mean.

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Prudential Group Insurance is focused on four immediate risks to employees’ financial wellness:

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Loss of income due to premature death

Thirty-one percent of Americans would feel the financial impact of losing their primary wage earner within one month.3

Loss of income due to illness or injury

Thirty-eight percent of people say they could only pay bills for three months or less if they lost their income.1

Out-of-pocket medical and non-medical expenses

Forty-nine percent of medical plan participants have out-of-pocket family maximums of $5,500 or more.4

Outliving assets in retirement

Fifteen percent of hardship withdrawals from 401(k) plans in 2012 were initiated to cover medical expenses.5

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The Prutection ScoreSM*

We analyze your employees' Financial Wellness needs through this proprietary tool, which:

  • Measures how prepared employee groups are to meet key financial risks
  • Gauges financial preparedness by looking at available resources relative to resources needed
  • Identifies gaps that can be used to help improve your employees’ Financial Wellness

We can suggest strategies that help you address the many financial risks your employees face today.

Seventy percent of human resources professionals say personal financial challenges can impact employee performance.6

The Prutection ScoreSM can tell you how financially well prepared your employees are to meet key unexpected risks

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Financial Wellness White Paper

Our white paper PDF Opens in a New Window expands on the key risks and discusses best practices to help improve your employees’ Financial Wellness.

Prudential PathwaysSM†

This series of in-person, worksite seminars , PDF Opens in a New Window presented by licensed financial professionals, helps employees learn how to set financial goals.

A Financial Wellness Roadmap

Employees should think beyond health insurance and retirement benefits—today and down the road. We’ve got a map they can follow.

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Broker Administration

Not currently doing business with us? Let’s talk.

Call 1-888-778-6639

Client Operations Service Center

Benefits administrators/HR representatives with 500 or more employees.

Call 1-888-598-5671

Already doing business with us?

Contact your Prudential representative.

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Footnote

The Prudential Insurance Company of America (Prudential)

  • 1 GenRe Research Disability Fact Book, Seventh Edition, 2013–2015.
  • 2 Financial Wellness Index Research, April 2014. Represents the average value of transactional account (e.g., checking account) holdings for families with such accounts. Does not include qualified retirement accounts (e.g., 401(k) accounts, IRAs). Actual level of household savings may be even lower because this analysis only includes households with transactional accounts.
  • 3 LIMRA and Life Happens, “2014 Insurance Barometer Study," 2014, p. 17.
  • 4 The Kaiser Family Foundation, “Employer Health Benefits 2013 Annual Survey,” p. 129.
  • 5 Testimony on Behalf of Aon Hewitt by Alison T. Borland, FSA, Vice President Retirement Solutions and Strategies, Before U.S. Senate HELP Committee, “Can We Do More to Keep Savings in the Retirement System?” March 19, 2013.
  • 6 SHRM, “Financial Wellness in the Workplace,” May 2014.
  • * The Prutection ScoreSM is a measure of how prepared a group of employees are for the risks of (1) premature death, (2) loss of income due to an illness or injury, (3) out-of-pocket expenses related to an illness or injury, and (4) outliving assets. For each of these risks, the Prutection Score is the ratio of Funds Available to Funds Needed, which are estimated using employee demographic information, Prudential survey data and a variety of credible external industry and government sources. While the first three risks take into account actual coverage amounts employees have to help protect them against those risks (e.g., Life, Disability, CI and Accident Insurance), the Outliving Assets Risk does not (e.g., no actual employee retirement assets and deferral rates). The Outliving Assets risk does not evaluate the sufficiency of employer’s or employee’s retirement plans and does not constitute retirement advice. The Prutection Score is not intended to advise you or any of your employees what their specific financial needs might be or the exact amount of coverage any one individual might need now or in the future. The resulting scores are to be used for an entire group of employees or large demographics within a group. Results are not to be used at an individual level. Individuals should contact a financial professional regarding their personal situation. Prudential is not responsible for uses made of this information inconsistent with the description provided here.
  • These seminars are provided by a Prudential Financial Professional with The Prudential Insurance Company of America and are not intended to market or sell any specific products or services. Offering this seminar does not constitute an endorsement of Prudential products or services in any way. You should consult with your employer regarding your specific plan benefits. Neither Prudential nor its sales professionals provide tax or legal advice. Please consult with an accountant or attorney concerning your personal situation. The Prudential Insurance Company of America, Newark, NJ.

For Compliance Use Only: 0292069-00003-00

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