Financial literacy is the best insurance: Talking finances in Washington, DC

The financial strength or our nation depends on the fiscal fitness of every citizen. Giving people the right tools to make the right financial decisions not only helps [read more] them succeed, it helps America succeed. We work hard every day to live into that mission because we believe financial literacy is really the best insurance there is. An important way we’re able to do that is to put our company’s resources to work to educate the public and elected officials about financial empowerment laws and programs that matter most to us, not just as a company but as individuals.

iStock-Money-Management.jpgThe Allstate / National Journal Heartland Monitor Poll points out that financial literacy is one of the keys to helping the U.S. economy recover from the recession. We couldn’t agree more. At the recent White House Summit on Financial Capability and Empowerment, we participated in a panel focusing on what corporations are doing to support financial literacy.

For the last two years, Allstate agency owners and personal financial representatives have accompanied our nonprofit partners on visits to Washington, DC to educate their Congressional representatives about domestic violence and the importance of financial empowerment services for survivors. In fact, a group of Allstate Against Abuse Team members are headed to Washington in just a few weeks to do just that.

We’ve also mobilized our employees to educate their representatives in Congress about relevant issues, from teen driver safety through the STANDUP Act to protecting survivors with the Violence Against Women Act. With an easy-to-use internal website available to all our employees called Take Your Stand, Allstate employees get background information on key issues, reasons why it’s important to get involved, and ways to take action. This year, we’ll also highlight information about the importance of including financial empowerment components in federal domestic violence policies.

Financial literacy is an important cornerstone of our corporate philosophy. Because of this commitment, our public policy team works to educate policymakers not just about insurance issues affecting our company’s business, but also about the important financial empowerment issues affecting all Americans. Building our nation’s financial capabilities will make our company, community and nation stronger.

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