Articles Posted in Employee Benefits

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It Doesn’t Have to be a Life Long Burdendebt-on-top-of-man-300x279

College is not always a happy experience. There are many long hours late at night and lots of stress over grades. It would be nice if that anxiety ends on graduation day but it does not. Most college graduates are saddled with student loan obligations. These are controllable for some people, but others have the financial wellness threatened.

The Figures Can Be Enormous

It is the immense size of the debt which staggers people. The amount of student loan owed can be in the six figures for some people. This can make a significant difference in a lot of economic decisions. Life expenses such as buying a house could be delayed for decades. In some cases of desperation, a college graduate may elect to default or declare bankruptcy. Either can cause a lot of financial harm. Countrywide Pre- Paid Legal Services wants to help college graduates. It is why we have a financial wellness program. Continue reading

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woman shouting into smartphoneThe first experience many people have with government service is being placed on hold. This is not because some social worker is going on a coffee break, but the individual has accidentally contacted the wrong office. It happens when people do not understand how to get through all the various steps getting needed assistance. A group legal plan must be able to help a person walk through the forest. Continue reading

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Financial wellness is quickly becoming a major topic in the benefits industry. The after effects of the 2008 Recession, with its crushing impact on mortgages and credit cards, is one of the reasons for decision-makers to look at a means of helping employees with business advice. Millennials are saddled with mounting college debt and employers know how devastating this can be. It is no surprise that vendors are stepping forward with what look to be amazing plans for organizations to think about. We suggest management think very carefully. Not all of these schemes are effective. Continue reading

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                                                                                                             It is A Critical Part of Any Benefits PlanCost and value

 

A group legal plan will naturally have several benefit options. Activities such as drafting a will or helping with a consumer protection problem can be expected. What separates the good from the bad is the level of service provided. A vendor may claim a plan has all kinds of options, but the question of service is a high priority and needs addressing. Continue reading

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                                                                                There are Other Ways Out of Debt Trouble

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A recent college graduate does not always have the tools necessary to deal with financial challenges. College debt is a major issue. Many people leave college with debt well into the five figures and are not quite sure how to handle it. Regrettably, they sometimes take the easy way out. It can jeopardize financial wellness. The most common steps taken are to use forbearance or, in extreme cases, declaring bankruptcy. Forbearance essentially allows a college graduate to put off until tomorrow the debt which is owed today. This does not make the obligation go away. Instead, it means that college debt is something that takes years more to pay off. Continue reading

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Read the Fine Print - Magnifying Glass

Caveat emptor, let the buyer beware, is a traditional marketplace warning. It cautions a person to be very careful about what is being purchased, and many people are. They will hedge their bets so to speak by buying a warranty. This covers the cost of repair, but even this has a cautionary note. There are those who will not honor the warranty. It is why a group legal plan needs to consider warranties and consumer protection. Continue reading

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Pre-paid legal services will usually cover some essential needs. Drafting a will or helping with government agencies is something that anyone can expect. However, there are times when special types of legal expertise are needed. It may be above and beyond what an ordinary attorney can do. A group legal plan must be able to respond to such a need. Continue reading

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You can hope and vote for smaller government but do not count on that. The government is very much a part of our lives, and you will be dealing with public agencies at all levels. It sometimes gets very annoying and also very frustrating. There are so many ways government influences your life. A group legal plan with the right benefit options could be a lifesaver. Continue reading

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stockfresh_299770_broke_sizeSMedical expenses terrify many people. Simple surgeries which may help a person are avoided because of the dread of the cost. With deductibles ranging up to $5000 or more, this anxiety is understandable. The financial wellness of many people hangs on the ability to pay those bills. Continue reading

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A chalk board with the words problems and solutions

A chalk board with the words problems and solutions

The Internet is remarkable, but even cyberspace has limitations. There are times when people want to talk and interact with a human being. It applies in particular if there are legal issues. Unfortunately, not all group legal plan services do that. Instead, they rely on a website with a question and answer page. Continue reading