Framework | E22 | George Nichols III: Life Insurance and the Power of Financial Literacy
Rewrite This week, Jamie Hopkins talks with George Nichols III, President of the American College of Financial Services and former insurance commissioner and executive, about the importance of financial literacy, the power of life insurance, and his mission to help underserved groups.
On today’s episode of Framework, Jamie talks with George Nichols III, President and CEO of the American College of Financial Services, an organization on a mission to raise financial literacy across underserved communities.
Growing up in the segregated south, George remembers white debt collectors coming to his black community and collecting money from his mother for their life insurance policy. While his family was far from wealthy, he realized early on the importance of prioritizing future financial health.
Although he never intended to work in insurance, several successful stints in healthcare lead George straight to an insurance commissioner position. In 2000, George became the first black president of the National Association of Insurance Commissioners (NAIC). Following a 17-year run at New York Life, he fell in love with the mission at the American College of Financial Services and accepted a position as President.
Links and Important Mentions:
The American College of Financial Services: https://www.theamericancollege.edu/
Office Of The President: https://www.theamericancollege.edu/president
Center For Economic Empowerment and Equality: https://www.theamericancollege.edu/equality
Lloyd’s of London: https://www.lloyds.com/
National Association of Insurance Commissioners (NAIC): https://content.naic.org/
Citigroup: https://www.citigroup.com/citi/
New York Life: https://www.newyorklife.com/
The American Council of Life Insurers
Show notes and other information: https://www.carsongroup.com/framework/
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