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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

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12. A savings vehicle

The cash value on a life insurance policy can act as savings with guarantees and tax advantages, Black Enterprise reported.

Policyholders can use the cash value as an investment-like savings account, Forbes reported.