Group Insurance business introduces cutting-edge capabilities to make planning leaves from work easier and more accessible.
NEWARK, N.J. – Prudential Financial, Inc. (NYSE: PRU) announced today its Group Insurance business will collaborate with Penguin Benefits to launch an innovative leave planning experience that helps simplify leaves for employees and their employers.
Prudential is among the first providers to offer this tool configured to help employees understand their short-term disability and company-sponsored leave options, in addition to federal and state leave programs. The cutting-edge leave planning tool will augment Prudential’s existing absence management offering for employers and provide a simplified and personalized planning experience for their employees.
“Prudential is committed to continuously enhancing the workplace benefits experience for the organizations and employees we serve,” said Jess Gillespie, Prudential’s head of Group Insurance Product & Underwriting. “This collaboration is an important part of our efforts to simplify leaves for everyone.”
Prudential is offering the tool through a collaboration with Penguin Benefits, a leader in developing innovative solutions for demystifying leaves. Through this tool, Prudential will be able to offer employees access to real-time, personalized information about their leave options, benefits, timelines, and a checklist of additional considerations.
“We’re thrilled that Prudential has chosen to deliver our comprehensive planning tool to their absence clients,” said Chengchen “CC” Li, Penguin’s chief executive officer. “Given Prudential’s commitment to empowering working parents to obtain financial well-being and peace of mind during important life events, we’re pleased to support their mission through our cutting-edge leave planning platform.”
Prudential will begin implementing the leave planning tool for Group Insurance Absence customers in 2025 as part of a pipeline of new capabilities and collaborations designed to help employees and employers better navigate leaves. Parental leave planning for expectant birth, adoptive and foster parents will be the initial focus of the tool, with additional employee leave types to follow.
For more information, visit Prudential Group Insurance.
About Prudential
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit news.prudential.com.
About Prudential Group Insurance
Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use within employee and membership benefit plans. The business also sells critical illness, accidental death and dismemberment and other ancillary coverages. In addition, the business provides plan administrative services in connection with its insurance coverages, and administrative services for employee paid and unpaid leave, including FMLA, ADA, and PFL.
About Penguin Benefits
Penguin Benefits is a leader in developing innovative SaaS solutions designed to demystify parental leave benefits. Leveraging advanced algorithms, Penguin offers a patent pending tool with a comprehensive view of all benefits available to help employees explore their parental leave options, while providing valuable support for all teams involved in the leave administration process. Learn more about Penguin Benefits at penguin-benefits.com.
MEDIA CONTACT
Marisa Amador
marisa.amador@prudential.com
Group Insurance coverage is issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ.
Prudential, PGIM, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
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