Source | LinkedIn | Jeff Bell | CEO of LegalShield, protecting and empowering people through legal and privacy management services
This week LegalShield released The 2019 LegalShield Workplace Study, which was designed to assess awareness, perceptions and availability of identity theft protection and legal service plans within workplace benefit offerings and how they can potentially influence financial wellness. The findings reinforce that employers have begun to see the value in focusing more on financial wellness benefits for their employees, in particular group legal and identity theft protection plans.
Employers realize that improving the financial wellness of their employees, their most valuable asset, isn’t only the right thing to do, but also makes good business sense. Benefits decision makers are taking action by providing access to legal services and identity theft protection to help enhance their employees’ financial well-being.
There is a growing interest amongst working Americans to learn more about managing their personal finances as a hedge against societal challenges such as bankruptcy, rising housing costs and out-of-pocket medical costs. They also want to protect their identity and personally identifiable information against intensifying cyber warfare.
The beauty of legal and identity theft plans is that they provide peace of mind around financial wellness, and also overall peace of mind for plan participants.