Optavise launches new employee benefits solution

CARMEL, Ind. – Optavise, a subsidiary of CNO Financial Group (NYSE: NYSE:CNO), announced the launch of Optavise Clear, a new service aimed at simplifying the employee benefits experience. The announcement comes from CNO, which has demonstrated strong financial performance with a 50.48% return over the past year and maintains a healthy dividend growth rate of 6.67%. According to InvestingPro data, CNO has raised its dividend for 13 consecutive years, showcasing its commitment to shareholder value. This solution comes as a response to the growing need for better benefits education and support among employees, with Optavise citing studies that highlight widespread confusion over benefits options.

Optavise Clear is designed to provide employees with a single point of contact for personalized guidance on their benefits, aiming to enhance satisfaction and reduce frustration in the workplace. The service includes year-round support, benefits education, enrollment assistance for new hires, open enrollment, and life events, as well as advocacy services such as Medicare advocacy to inform healthcare decisions.

The president of CNO Financial Group’s Worksite Division, Karen DeToro, emphasized that the product embodies Optavise’s mission to eliminate confusion around employee benefits. The service offers foundational communications to improve understanding of healthcare and insurance, and a unified digital experience connecting employees with advocates and educators. Additionally, a dedicated phone line will allow employees to receive real-time help from experts.

Optavise provides personalized benefits solutions and operates through direct sales to employers, a network of broker partners, and dedicated agents, serving nearly 20,000 employers. The introduction of Optavise Clear reflects the company’s commitment to addressing the educational gap in employee benefits management.

This new offering is based on research indicating that a significant percentage of employees find online resources and one-on-one conversations helpful for learning about health benefits. Optavise aims to meet these needs through its comprehensive approach to benefits education and support.

The information for this article is based on a press release statement from Optavise. CNO Financial Group currently trades at an attractive P/E ratio of 10.42, with InvestingPro analysis indicating the company maintains a "GOOD" overall financial health score. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 8 additional ProTips and detailed financial metrics in its Pro Research Report, available among 1,400+ top US stocks covered by the platform.

In other recent news, CNO Financial Group reported impressive quarterly results, exceeding expectations with strong performance across its segments. The company experienced notable top-line growth, driven by an increase in agent numbers, the introduction of new products, geographic expansion, and progress in its Worksite business. Additionally, CNO Financial benefited from a robust net investment income, supported by higher new money yields, increased invested asset balances, and variable investment income. RBC Capital Markets responded to these positive developments by raising CNO Financial’s stock price target from $40 to $45, while maintaining an Outperform rating. Analyst Scott Heleniak highlighted the company’s successful end to the year and proactive capital return strategies as key factors for the revision. Looking forward, CNO Financial has set conservative yet achievable earnings per share guidance for 2025, with plans to enhance its return on equity by 150 basis points over the next three years. RBC Capital’s confidence in CNO Financial’s strategic initiatives and potential for sustained growth and capital returns is reflected in the continued Outperform rating and increased price target.

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