It's Money Smart Week® Wisconsin
Madison, WI—This year, Money Smart Week® Wisconsin is April 22-29 where communities across Wisconsin are participating in events designed to promote and improve personal financial awareness.
"Wisconsin is fortunate to have dedicated organizations and business communities who are focused on supporting financial literacy," said Commissioner and Co-Vice Chair of the Governor's Council on Financial Literacy Ted Nickel. "Over 60% of school districts with high schools in Wisconsin require financial literacy to graduate compared to 25% in 2010. We expect this increase will pay dividends in the future."
Money Smart Week® Wisconsin was created in partnership with the Governor's Council on Financial Literacy and the Federal Reserve Bank of Chicago. Earlier this year, Governor Scott Walker issued a proclamation declaring Money Smart Week® Wisconsin (https://dfi.wi.gov/Pages/EducationalServices/PersonalFinance/MoneySmartWisconsin.aspx). The week aims to improve financial literacy and financial health across Wisconsin. Learn more about Money Smart Week® and information about scheduled events at moneysmartweek.org.
"During Money Smart Week® Wisconsin, consider your insurance needs within your financial picture as the primary purpose of insurance is to help protect you and your loved ones from financial hardship," said Commissioner Nickel.
Below are examples of steps you can take to become better educated about your insurance coverage.
- Make sure all your insurance information is located in a safe place but somewhere you will find it.
- Consider reading through your insurance policies. Too many consumers are surprised after they have an event because they never read through their policy to begin with.
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 future financial plans.
The Office of the Commissioner of Insurance (OCI) offers a comprehensive selection of insurance information for consumers. Publications include Consumer's Guide to Auto Insurance, Consumer's Guide to Homeowner's Insurance, and answers to many frequently asked questions all available free of charge on OCI's Web site at oci.wi.gov.
Created by the Legislature in 1870, Wisconsin's Office of the Commissioner of Insurance (OCI) was vested with broad powers to ensure 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.