HAMILTON – Department of Banking and Insurance Banking Division Director Patrick Mullen today urged Hamilton senior citizens to be careful and to find out as much information as possible when purchasing complex financial products such as life insurance, annuities, reverse mortgages and long term care. Banking Division Director Mullen met with seniors at the Hamilton Township Senior Center to discuss financial issues that they may be facing at this stage in their lives.

The program for seniors complements the Department’s ongoing Financial Literacy programs for high school and college students. For the last eight years, the Department has conducted financial literacy programs for high school students and spoken to thousands of students in school across the State about topics including basic personal finance, the importance of credit and how to manage credit cards. That program was expanded to reach out to college students in 2013.