Date: April 23, 2012
For more information contact: J.P. Wieske, Public Information Officer, (608) 266-2493 or firstname.lastname@example.org
Insurance Commissioner Says "Get Money Smart"
Madison, WIWisconsin Insurance Commissioner Ted Nickel is asking Wisconsin consumers to get "Money Smart" during the week of April 21, and review their financial health.
Money Smart Week WisconsinSM was created by the Governor's Council on Financial Literacy to improve financial literacy in Wisconsin. This year is the 6th annual Money Smart Week Wisconsin and features over 200 events scheduled around the state aimed at everyone from children to retirees. The Money Smart WeekSM calendar of events can be found at www.moneysmartweek.org.
"This year, Money Smart Week follows on the heels of the federal income tax filing deadline," said Nickel. "This is a good time to review your financial picture and make plans for the rest of the year and for the future."
During Money Smart WeekSM Wisconsin, Nickel reminds consumers to take steps to become better educated about their insurance coverage.
Part of a financial game plan should include a thorough review of life, health and property insurance policies to maximize coverage at the best possible premium. A review should also include planning for future insurance needs in order to determine if other policies, such as long-term care insurance or annuities, should be a part of their future financial plans.
"As your financial picture changes, so should your insurance coverage," said Nickel. "The primary purpose of insurance is to help protect you and your loved ones from financial hardship. So you should continue to review your coverage to see if it is meeting those needs."
OCI offers a comprehensive selection of insurance information that provides information for consumers. Those publications include the Consumer's Guide to Auto Insurance, the Consumer's Guide to Homeowner's Insurance, and the Consumer's Guide to Insurance as well as information on a number of other insurance topics. Additionally, OCI provides consumers with information on insurers and agents. Consumers are encouraged to visit the OCI Internet Web site at oci.wi.gov.
Created by the Legislature in 1871, Wisconsin's Office of the Commissioner of Insurance (OCI) was vested with broad powers to ensure that the insurance industry responsibly and adequately met the insurance needs of Wisconsin citizens. Today, OCI's mission is to lead the way in informing and protecting the public and responding to its insurance needs.