Our goal at Colonial Life is to help America’s workers protect what they’ve worked so hard to build. In that spirit, we have partnered with KOFE to help us further this mission by offering additional services to support financial wellness.
Prevalence of financial stress: Approximately 60% of full-time employees report being stressed about their finances, a figure higher than during the height of the pandemic.1
Impact on productivity: Financially stressed employees are nearly five times more likely to be distracted by personal finance issues at work. Among these employees, 56% spend three or more hours weekly dealing with financial matters during work hours.1
Through KOFE, you will receive access to a dedicated financial counselor, access to several financial calculators to assist with budgeting and the ability to watch videos containing tips on a variety of financial topics.
We hope this service helps you with your financial budgeting and goals.
1 PwC, 2023 Employee Financial Wellness Survey.