The rising inflation rates are on everyone’s minds, and the costs affect a lot of decisions. Employees are worried about being able to meet certain charges, and they are not sure if their paychecks can cover everything. The reason for this stress is that the average person does not know their total value.
What we mean is that folks know the balances in their savings account and checking account. However, they may not understand how much their assets are worth. Having an idea of total asset value, including stocks, bonds, insurance policies, collectibles, etc., can help.
Some of the Expenses
We are primarily talking about those assets that can be liquidated easily to meet various costs. Some of these expenses are not emergencies; they may be part of reaching personal objectives. Some of the things that assets can help pay include:
1. Large balances on a credit card.
2. The down payment on a house.
3. Proof that a person can afford a mortgage.
4. Sudden significant medical expenses.
5. The tuition for next semester.
6. Investment in the stock market.
A person’s financial wellness can be improved once the individual is aware of the total value of their assets. Countrywide Pre-Paid Legal Services has employee benefits that include an asset inventory.
Great Assistance for Every Employee
Countrywide has a financial wellness program that provides considerable help. We have a nationwide network of certified counselors who can advise and assist plan members on ordinary financial issues. Included in the package is an asset inventory. In addition, there is a counselor in the community of every Countrywide client.
A Countrywide counselor will perform an asset inventory that explores assets great and small. For example, people might not realize that a small insurance policy taken out years ago made a cash value that can be easily transformed into money. Others may have no idea that their collectibles have more than sentimental value. The result of the asset inventory is a better recognition of a person’s financial worth.
The service from Countrywide does not stop there.
Depending on the options included in the financial wellness plan, a Countrywide counselor can then move forward and offer advice on various issues that asset sales might alleviate. The benefits include help with medical bills, college loan debt, how to buy a house, and structuring of a reasonable personal budget. Of course, what we provide in a financial wellness plan will depend on the prospective client.
Management Will Decide
Countrywide wants to offer a benefit that every employee of an organization can use. Although we have worked with employers of all types and sizes, we have no idea about the demographics of a given prospective client. We need the help of the decision-makers to create an ideal plan.
Consequently, we actively seek their input. Countrywide explains all the financial wellness options to a prospective client. We are prepared to answer all the questions that the managers have, and we will point out the benefits of each option without trying to promote one over the other. We will then sit back and allow the executives to make selections. Based on the prospective client’s choices, Countrywide prepares a financial wellness plan for that employer. We will provide streamlined administration and superior member services. We also maintain ongoing communication with the client, and our dealings are professional and transparent.
Productive employees have a lot on their plates, and reducing financial worry is in an employer’s best interest. Our services can help good people relax and devote more time and energy to performance objectives. If you have any questions about our benefits, please feel free to contact us at your convenience. We welcome any chance to explain how we can help.