Retirement Security Working Group (RSWG) – NAIC

  • 1) We want you to know that Financial Education is important, but that many other groups are better situated to design deliver and evaluate education than NAIC is.  
  • We think NAIC’s most important role in Retirement Security is to make sure that consumers can safely buy well-designed insurance products in stable insurance markets.
  • … NAIC should focus it’s efforts on consumers who have fewer resources.
  • 3) 4th Graders / 12th Graders
  • Teachers are going to teach what they know and what they are interested in and Insurance will be one of the items that gets short changed….
  • So….. this concept of Just in Time education ….suggests that it will be most effective after high school.

—  Brenda Cude, National Association of Insurance – Funded Consumer Representative, Professor – University of Georgia

  • Knowledge lets consumers make rational decisions…
  • However, as I say often, consumers do not make rational decisions….
  • We know that knowledge is necessary to make a plan… so, that we can get the security we want in our lives.
  • Our attitudes, our beliefs… they really come from our life experiences and they point us to different actions…

  • National Endowment for Financial Education Task Force (College Level)

  • Teachable Moments

2020 01 – NAIC – Retirement Security Working Group – Conference Call –  Brenda Cude / Kitt Presentation