Jackson National Life Insurance Co. has started a nonprofit arm that will support financial literacy programs.
The nonprofit arm, the Jackson Charitable Foundation, is investing $3 million in educational efforts. The foundation will work with organizations such as Discovery Education and Junior Achievement to promote the idea that Americans have to prepare for the future.
(Related: 10 Dumbest States for Financial Literacy: 2017)
Jackson is a Lansing, Michigan-based unit of Prudential PLC. It’s a leader in the U.S. annuity market.
Jackson’s foundation is now helping Discovery Education bring the Cha-Ching Money Smart Kids video series to the United States.