Articles Posted in Employee Benefits

Millennials Want Assistance from Employers

stockfresh_3231743_man-putting-coin-into-small-piggy-bank_sizeS-300x200

 

Student debt is a big topic at the dinner table. Families with college kids talk about it all the time, but the anxiety does not end once that student graduates. Instead, after the six-month grace period, the bills start coming in, and they are enormous. Undergraduate debt can be in the five figures, and when graduate debt is added a young person faces perhaps $100,000 or more of college debt. This has a major effect on financial wellness.

Avoidance of Forbearance

Recent graduates who have landed that first job are in the process of making the major life decisions. These judgments are influenced by the amount owed to the government or lending institutions. The college debt can force choices a person does not want to deal with. There are cases where young Millennials simply try to ignore the bills they owe and seek forbearance. Countrywide Pre-Paid Legal Services appreciates the state of mind of these young people. We know it is a sobering process to deal with college debt, but it is not an impossible obstacle. We have financial wellness counselors to help. Continue reading

Countrywide Will Draft One for You

stockfresh_5472698_hand-signing-last-will-and-testament-document_sizeS-300x200

 

Drafting wills is a common benefit of a group legal plan that some folks avoid. The last will is not on everyone’s daily bucket list, and there are those who want to forget about it. This is a recognition of mortality but drafting a will is a pre-paid legal services benefit that cannot be ignored. It helps prevent time from becoming a real thief.

Intestate is a legal term for an estate for which there is no will. Those estates which have a simple will attached to it move quickly through the courts. Intestate situations do not. Instead, they become a matter for the probate court which takes a very active role. Continue reading

Countrywide Counselors Provide the Best Advice

stockfresh_3576539_stressed-female-graduate-holding-stacks-of-hundred-dollar-bills_sizeS-200x300

 

More and more surveys are noting that Millennials want help with their college debt. The figures each graduate owes is very high and has a serious impact. The financial wellness and quality of life of the individual can be harmed by college debt. If these bills are left untended, bankruptcy and credit problems will surface. There are other consequences as well.

The amount of money owed will impact on life decisions. Recent college graduates may have to forgo buying a house or saving money for other reasons. The college debt must be paid and other bills are still waiting for cash. Organizations do not have to give direct financial subsidies to these people who are facing tough financial situations. Many times, expert advice works just as well. Countrywide Pre-Paid Legal Services has a nationwide network of certified counselors stands ready to offer assistance. These are professionals who have experience with telling people how to best manage large amounts of debt. Continue reading

Legal Paperwork Doesn’t Have to be a Mystery

stockfresh_260360_read-the-fine-print_sizeS-200x300

 

Legal documents sometimes seem to be an ocean of words. People get very easily confused by the language, but they cannot take any of it for granted. What is in a document or contract can be binding and group legal plans are effective if they allow for review of these papers.

We Will Review the Documents

The nationwide network of Countrywide attorneys can review up to six pages of a contract. That is ordinarily the size of a standard legal document. The review is not just restricted to contracts, however. There are other legal papers that regular citizens encounter all the time. Countrywide Pre-Paid Legal Services can help. Continue reading

Countrywide Excels at It!

stockfresh_5735040_businessman-looking-at-the-camera_sizeS-200x300

 

There are group legal plans which do not understand communication. The vendors provide service at a distance, or through a page on a website. This may look efficient, but it is not. Communication is more important than this.

Quality Matters

A little extra should be part of the services. Anyone can easily forget a question or two, and getting back to the attorney is important. Countrywide Pre-Paid Legal Services allows an unlimited number of telephone calls to the attorney in each situation. It means additional questions can be asked at another time. This ability to further communicate with the lawyer at no cost helps. Continue reading

Countrywide Has the Right Answers

stockfresh_591499_business-meeting-group-of-people-in-office_sizeS-1-300x200

Nobody intends to be spendthrift. Employees do try to live within their means and spend less than what they make. Life sometimes comes at a person from out of left field. It might be an auto repair, a medical charge, or something else that just throws the budget out the window. It often is hard to regain financial wellness. A major expense may have several smaller bills from several different places. It is tough to try to get things under control. People will panic and just throw up their hands. It is important to have good advice to get out of a financial crisis. Countrywide Pre-Paid Legal Services provides a plan to help.

Information Gathering is the First Step

We take a proactive approach to dealing with financial wellness problems. The cornerstone of all our services are the certified counselors who are part of a nationwide network. These people provide the type of guidance a person needs. Information gathering is critical, and a budget analysis is the means Countrywide uses to collect personal financial data. The counselor looks at the cash; where it is coming from and where it is going. Continue reading

Your Loved Ones Will Be Grateful

stockfresh_5472698_hand-signing-last-will-and-testament-document_sizeS-300x200

 

Financial advisors will suggest having a will, but many people try to ignore this obligation. No one wants to admit they’re going to die one day and they keep putting things off. That is a mistake. Young and old employees ought to think about creating a last will. A group legal plan can help draft the document.

Defending the Rights of Loved Ones

A will protects surviving loved ones. Death can be as unexpected as an auto accident, perhaps leaving children to mourn the death. They will cry a lot more when they find out what happens in probate court. The delays can be maddening. Moreover, without an executor, the court will appoint an administrator. It just keeps adding to the delays. Important bills will go unpaid, and any money for college may have to wait. Any estate is finally settled, but it may take years, and Countrywide Pre-Paid Legal Services wants no one to face that. We allow for the creation of a simple will as part of our pre-paid legal services benefits. Plan members get the opportunity to provide for loved ones in the event of a calamity. Continue reading

Contract Language Has Consequences

stockfresh_260360_read-the-fine-print_sizeS-200x300

 

Ordinary contracts are not large documents. It takes a few pages to determine what one party must do and what the other party is obligated to pay or give. Nevertheless, even in a small contract, there are clauses that hold consequences. Not being aware of what the words mean can be dangerous.

The part of the contract that can be the biggest problem are those clauses that involve penalties for work not performed, or products not provided. The contract can stipulate exactly what a person needs to do and the penalty is in force when the person doesn’t do it. Too many people are in a rush and sign contracts without carefully reading them. Countrywide Pre-Paid Legal Services has seen too many people run into problems because of not reading a contract. Our group legal plan benefit includes a review of contracts for the plan members. Continue reading

It Can Lead to Hurt Feelings

stockfresh_3266726_benefits-concept_sizeS_39f284-300x200

 

 

Employees appreciate health insurance. They are grateful when their employer provides coverage to handle medical costs. Nevertheless, there is the deductible to worry about. Modern deductibles are as high as $5000 or more. These impact on financial wellness. It can be difficult to pay a deductible when you are already cash-strapped. Some people will borrow the money to pay the deductible. They will ask family and friends to help. This gets old quickly.

Parents are willing to offer assistance, but they have their own problems, and the same is true for friends. A person ends up owing money to those closest to him or her, creating bad feelings which can last for years. It is better to be able to budget sensibly. There are employees you don’t know much about budgeting and could use some advice. Countrywide Pre-Paid Legal Services is here to help out.
Continue reading

Financial Worries Can be Reduced

stockfresh_368884_dollar-flow-in-black-hole_sizeS-300x225

A MetLife study on employee benefits trends discovered millennials are very risk adverse when it comes to finances. They are frightened about the possible loss of income and health costs is something they dread. Of course, for many of them college debt obligations cause nightmares. The high anxiety these young people experience about finances make financial wellness benefits very important.

Sign of the Times

The millennial generation grew up in a period of severe financial distress. The Great Recession of 2008 played a role, but the cost of college tuition increased the worry these recent graduates have. They have an almost instinctive anxiety that their budgets will not cover all their expenses. Countrywide Pre-Paid Legal Services has a great deal of empathy for this population. We have a financial wellness plan to help them sort out their financial issues to arrive at a sensible strategy. Continue reading