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.
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