Supporting Financial Wellness at Farmers Cooperative

Financial Literacy Month: Tools to Support Your Financial Wellness

Financial Literacy Month is observed every April to highlight the importance of financial education and responsible money management. It’s a time to raise awareness around key personal finance topics like budgeting, saving, investing, credit management, and debt reduction. Most importantly, it's a reminder that financial knowledge is a crucial life skill—one that empowers individuals to reach their goals and avoid common financial pitfalls.

At Farmers Cooperative, we’re committed to supporting our employees’ financial well-being. Below are several valuable financial benefits available to you:

1. SmartDollar

SmartDollar is a digital financial wellness program created by Dave Ramsey, designed to help you take control of your finances. It offers step-by-step guidance on budgeting, saving, getting out of debt, and building long-term wealth.

Key Features:

• Baby Steps Framework: Follows Dave Ramsey’s 7 Baby Steps for financial success.

• Budgeting Tools: Helps you track income and expenses.

• Video Lessons: Educational content from Dave Ramsey and his team.

• Debt Payoff Plan: Uses the Debt Snowball Method to eliminate debt.

• Wealth-Building Guidance: Provides strategies for retirement and long-term financial goals.

SmartDollar is free for all Farmers Cooperative employees. To sign up, visit:
www.ramseysolutions.com/corporate-wellness/smartdollar/sign-up
Keyword: farmerscooperative9191

2. Life Insurance

Life insurance provides financial protection for your loved ones in the event of your passing. It helps cover expenses such as mortgage payments, debt, daily living costs, and future needs like college tuition.

All full-time employees are automatically enrolled in life insurance with coverage equal to 2.5 times your annual earnings—no action required. Be sure to keep your beneficiary information updated through ADP.

3. Disability Coverage

Short-term and long-term disability insurance protect your income if you’re unable to work due to illness or injury. These coverages are automatically provided to all full-time employees.

Short-Term Disability (STD):

• Begins after 14 days of a qualifying illness or injury

• Covers 70% of weekly earnings for up to 11 weeks

Long-Term Disability (LTD):

• Begins immediately after STD ends

• Covers 60% of monthly wages until retirement age

While no one plans to need disability coverage, it's reassuring to know you're protected if the unexpected happens.

We’re proud to offer these benefits to support your financial wellness. Have questions or want to learn more? Reach out to HR—or contact Taylor Cerveny at tcerveny@farmersco-operative.com to schedule a Lunch and Learn, where HR will provide lunch and walk through your benefits in detail.

We're here to help you make the most of your financial future!

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