Allianz Life Supports Youth Financial Literacy with The Stock Market Game
Employees educate students on investing and the stock market
MINNEAPOLIS -- May 21, 2013
Employees from Allianz Life Insurance Company of North America (Allianz Life®)
coached the top three student teams in the 2013 edition of The Stock Market
Game™ led by Twin Cities financial literacy non-profit BestPrep. The Allianz
Life-sponsored teams performed well in every age division. More than 1,000
elementary, middle and high school students from the Twin Cities participated
in the virtual game aimed at educating students on investing and the stock
market while teaching about the economy first hand.
"It is essential for young people to learn how to make educated financial
decisions early in their lives," said Brian Peterson, senior vice president
Allianz Distribution Group. "Allianz Life is proud to support financial
literacy through BestPrep and we want to help enable students to achieve their
future financial goals. Understanding the risk-reward nature of the stock
market also puts them light years ahead of their peers."
In 2013, there were 309 student teams from 30 Twin Cities classrooms
participating in The Allianz Challenge edition of The Stock Market Game™ and
each was given a virtual $100,000 budget to invest. All 30 classes were
assigned one Allianz Life volunteer who coached students in grades 4-12
helping them invest “money” in stocks and mutual funds. With the help and
advice of volunteers, the top Allianz Life coached teams made an average
profit of more than $24,000. The top three elementary school teams had
students from the Sheridan Arts Magnet School in Minneapolis and Bel Air
Elementary School in New Brighton. The top three middle school teams had
students from South View Middle School in Edina and Community of Peace Academy
in St. Paul. The top three high school teams had students from Stillwater Area
High School in Stillwater.
Best Prep is one of Allianz Life’s strategic community partners because of its
focus on promoting financial literacy. The company has a long-term commitment
of funding and volunteerism with Best Prep.
“Our partnership with Allianz Life has been a game changer. Because of their
volunteers, thousands of students are now capable of making sound money
management decisions,” said Bob Kaitz, president and CEO for BestPrep. "The
results have been so impacting, other companies are following their lead and
financial education is becoming a priority for our schools.”
Brooklyn Park-based nonprofit BestPrep is a statewide organization whose
mission is to best prepare Minnesota students with business, career and
financial literacy skills through experiences that inspire success in work and
life. BestPrep has served 1.3 million students and teachers since its founding
For more information about Allianz Life’s community giving programs, visit
Allianz Life Community Outreach.
About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2012, has been keeping its promises since 1896.
Today, it carries on that tradition, helping Americans achieve their
retirement income and protection goals with a variety of annuities and life
insurance products. As a leading provider of fixed index annuities, Allianz
Life is part of Allianz SE, a global leader in the financial services industry
with 142,000 employees worldwide. More than 78 million private and corporate
customers rely on Allianz knowledge, global reach, and capital strength to
help them make the most of financial opportunities.
BestPrep prepares Minnesota students with business, career and financial
literacy skills. BestPrep’s programs engage 4-12 grade students and their
educators in active learning, while connecting them to the world outside the
classroom. With the help of more than 4,000 professional volunteers each year,
BestPrep bridges classroom curriculum and the business community, enriching
the teaching and learning experience for Minnesota students and educators. The
Stock Market Game™ allows students to use an experiential tool that increases
their financial literacy and emphasizes the importance of investing.
Editor’s note: photo available.
Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
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