SHREWSBURY, NJ — As part of an ongoing financial literacy campaign, Department of Banking and Insurance Commissioner Ken Kobylowski on May 3 spoke to a senior group about how to carefully buy financial products such as life insurance, reverse mortgages, annuities and long term care insurance.

“With proper education and knowledge, many financial products which may initially seem complex and confusing can in fact be manageable, good investments,” Commissioner Kobylowski said, addressing a group of seniors at the Monmouth County Library on Friday.

Kobylowski addressed the group as part of the Department’s ongoing Senior Financial Literacy Program, now in its second year. In that program, Commissioner Kobylowski and Department staff speak to senior citizens on such topics as life insurance, long term care, annuities, reverse mortgages and savings.

The program for seniors complements the Departments ongoing Financial Literacy program for high school students. For the last seven years, the Department has conducted financial literacy programs for high school students and spoken to thousands of students in schools across the state about finances, including basic personal finance, the importance of credit and how to manage credit cards.