Taking On More Challenges
LL Global is working on a number of initiatives to support our members in the days and months and year ahead. Here are some insights on the work underway.
Working closely with Aon, we are developing a RemotePROductivity Toolkit that can help every member improve employee welfare, sustainability, and productivity for their remote workforce.
The three-part toolkit will provide resources to our member companies as they continue to adapt to the pandemic-induced virtual work environment. A key feature of the toolkit is the benchmarking data that will allow companies to track progress over time within their organization and among industry peers. For example, companies can evaluate how their employees compare to another’s in terms of critical virtual skills like focus, adaptability, and collaboration.
The first tool, Employee Assessment, is coming in the next few weeks!
We have partnered with the our peer trades — ACLI, Life Happens, FINSECA, NAIFA, NAILBA, and MDRT — to work in coordination with our members to address the estimated 60 million households that do not have insurance or do not have enough coverage.
We have representation from over 40 carriers on the individual and group carrier side to help drive this work. This is complemented by working groups of independent distribution firms, broker/dealers, and agents/brokers/advisors.
Our wellness work continues. The group developed a common industry definition of financial wellness: Being confident in your financial situation and able to both withstand unexpected expenses and enjoy a financially secure future. This definition was used to measure consumers’ perceptions, and about 40 percent of the consumers we surveyed subjectively felt “well” — a higher number than we’ve seen in other studies. Our next step is to gather feedback from intermediaries on their perceptions of consumers’ financial wellness.