Alliant Insurance Services and their Voluntary Benefits Plan (VBP), have announced today it has added Purchasing Power®, a member purchase and financial wellness program, as a new voluntary benefit to its union members’ benefits package. As of Sept. 27, members of their union clients can purchase a wide variety of brand-name consumer products and quality services through a simple payroll deduction plan, without interest or fees and regardless of their credit history. Members also receive access to Purchasing Power’s growing financial wellness platform of free tools and resources for taking greater control of their financial futures.
“Working with more than 200,000 dedicated union members, the VBP offers benefits to a diverse group of workers with wide-ranging financial needs,” says VBP Director, David Hudon. “Offering a valuable benefit like Purchasing Power means empowering union members with a more convenient, reliable and interest-free way to buy top products and services they want and need.”
Through Purchasing Power, union members now have access to more than 60,000 products and services, including computers and tablets; electronics; home appliances; furniture and mattresses; fitness equipment and sporting goods; nursery and baby gear; musical instruments; vacation packages; automotive service contracts and tires; and educational services including professional certifications, online college courses and SAT/ACT test preparation. The Voluntary Benefits Plan offers members the convenience of automatic payments over a 12-month payment term, without the fees, penalties and ballooning interest associated with other payment options.
“We are extremely pleased to welcome the VBP and its union clients to Purchasing Power’s ever-expanding list of association clients,” said Christy DeFrain, vice president of sales for Purchasing Power. “Our mission is to help U.S. workers who are underserved by traditional financing options gain access to life-enhancing products and services they need. Through our program, they can spread payments across 12 months to give them peace of mind and more control over their finances.”
Additionally, Purchasing Power offers a free, comprehensive financial wellness platform for participants that provides a holistic approach to financial education and best practices. Customers can access a number of tools and resources including a core financial education program, alternative credit reporting, budgeting software, personal financial coaching and downloadable PDF exercises for youth.
About Alliant Insurance Services, Inc.
Headquartered in Newport Beach, CA, Alliant Insurance Services, Inc. provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, construction, and other industry groups. More information is available on the company’s website at www.alliant.com.