MetLife Launches PlanSmart® Financial Wellness
May 16 2018 - 9:00AM
Business Wire
~ The Integrated, Multi-Channel Financial
Wellness Solution Empowers Employees to Take Action on Their
Financial Health ~
MetLife (NYSE:MET) announced today the availability of
PlanSmart® Financial Wellness, its new financial wellness solution.
This launch follows MetLife’s announcement in March 2018 that it
had formed a strategic alliance with Ernst & Young LLP (EY).
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.
“Employees are struggling when it comes to their
finances—MetLife’s 16th Annual U.S. 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. “These concerns can
impact other areas of employees’ lives, including their
productivity at work. By investing in financial wellness, employers
can help their workforce become more engaged and productive.”
Building 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:
- 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. 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.
- Phone support: Extensively
trained and experienced EY financial planners offer phone-based
financial planning. All guidance is confidential and
objective.
- In-person guidance: Employees
can take advantage of workplace seminars and one-on-one
consultations with local MassMutual financial advisors.
The solution’s “smart” platform saves the employee’s activity so
they can pick up where they left off the next time they login.
Employees are also encouraged to remain engaged and take action
through proactive features, such as checkups and reminders. These
action steps evolve as the employee’s life and work change,
providing a personalized path to financial wellness. And, the
experience is connected across channels—action steps started in one
channel can be completed in another.
“We believe employee benefits are the foundation for a
successful financial future. 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. “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.”
More information about PlanSmart Financial Wellness is available
at www.metlife.com/PlanSmartFW.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 countries and holds
leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information,
visit www.metlife.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180516005258/en/
MetLifeJudi Mahaney, 212-578-7977jmahaney@gmail.com
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