"Financial wellness is clearly a hot topic," said Chad Schneider, Head of Broker Partnerships at Origin, who presented the "How to Leverage Financial Wellness to Maximize Your Bottom Line" session at Broker Expo in Atlanta. "It went from a nice to have to a need to have for employers."

"It's now a global economy and everything is so volatile that people are getting stressed now," he said, and "it now becomes 'How do I put something in place?' instead of a check-the-box solution."

"Financial illiteracy of our country" is widespread, said Schneider. "There are so many people that are stressed out, not prepared for anything major to happen. They make decisions in a vacuum, don't know what to do for financial advice." So there is a strong need for employers to bridge the gap for employees by providing financial help, said Schneider.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.