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13 Key Facts On Black Americans Increasingly Buying Life Insurance Policies, More Than Other Racial Groups

13 Key Facts On Black Americans Increasingly Buying Life Insurance Policies, More Than Other Racial Groups

Black life insurance

Photo credit: digitalskillet / iStock, https://www.istockphoto.com/portfolio/digitalskillet?mediatype=photography

10. Beef up retirement nest egg

“The money can be used for everything from paying for college tuition, enhancing a retirement nest egg, tithing to a church, and funding charitable giving to create sustainable wealth and economic empowerment in Black America,” said Eugene Mitchell, corporate vice president and African American market manager at New York Life.

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