$100,000 Contribution will Fund Research, New Education Materials to Expand Free Insurance Curriculum for High School Students
Arlington, Va. – April 25, 2013 – The nonprofit LIFE Foundation today announced that its Next Generation financial literacy program will expand thanks to a $100,000 grant from the foundation of financial services provider ING U.S.. The company’s contribution will help LIFE fund new research and develop materials to grow its nation-wide education initiative, which provides high school teachers with free, interactive tools to help demonstrate to students the importance of proper financial planning and risk management.
“We would like to thank the ING Foundation for its generous contribution and for sharing our commitment to empower the next generation of consumers with the education and tools they’ll need to lead financially responsible lives,” said Marvin Feldman, President and CEO of the LIFE Foundation. “We are proud to make this announcement in April, National Financial Literacy Month, which reminds us of the importance of our mission to educate the public about the essential role insurance plays to build successful financial futures.”
With the help of the ING Foundation grant, the LIFE Foundation plans to conduct an in-depth qualitative and quantitative study of teachers and students to evaluate the resources that are most beneficial to users of the Next Generation program and roll out new features including:
- Comprehensive student workbook: The enhanced workbook will use language that younger students can most easily understand, while providing substantive content for teachers to incorporate into their lesson plans.
- Fresh video content: Videos are a core element of the program, teaching students about life, health and disability insurance and risk management. With this grant, the program will now include new online videos in each category, while adding an additional genre: financial planning.
“As a leading provider of retirement and insurance products and services, ING U.S. is dedicated to growing and protecting Americans’ savings to bring them to and through retirement,” said Kurt Fasen, Senior Vice President of ING U.S. Insurance Solutions. “We recognize that financial literacy is a vital life skill, and we are pleased to support the LIFE Foundation in its endeavor to provide young people with the resources they need to make informed financial decisions.”
Since the program’s launch in 1997, Next Generation has reached more than 26 million students and 39,000 high schools nationwide. The program is primarily focused on insurance and financial planning basics, and offers lesson plans, worksheets, videos, quizzes and additional tools to help teachers prepare students to navigate real-world situations.
Teachers may access Next Generation materials through the LIFE Foundation website at www.lifehappens.org/nextgeneration. The content is free and meets the nation’s math and life skills high school standards.
ING U.S.’s support for Next Generation complements its overall commitment to empower individuals to better understand and take control of their finances as an essential step toward building a secure future. Among its key programs, ING U.S. provides funding to Junior Achievement’s financial and economic literacy programs, and it has created the ING-Girls Inc. Investment Challenge and the ING-Girls Inc. Investing Matters programs, providing young women practical, hands-on experience investing money with the support of mentors.
The Life and Health Insurance Foundation for Education (LIFE) inspires the public to take personal financial responsibility through the ownership of life insurance and related products. LIFE is the voice of choice for the industry providing the highest quality independent and objective information about life insurance and related products. To learn more about LIFE, go to www.lifehappens.org.
ING U.S., which plans to rebrand in the future as Voya Financial, constitutes the U.S.-based retirement, investment and insurance businesses of Netherlands-based ING Groep N.V.. Through the ING U.S. family of companies, we serve the financial needs of approximately 13 million individual and institutional customers with a comprehensive array of products and services, including retirement plans, IRA rollovers and transfers, stable value, institutional investment management, mutual funds, alternative investments, life insurance, employee benefits, fixed and indexed annuities and financial planning. Our dedicated workforce of more than 7,000 employees is focused on ING U.S.’s mission to guide Americans on their journey to greater retirement readiness and to make a secure financial future possible — one person, one family and one institution at a time. For more information, visit http://ing.us.