fbpx

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

13. Investment tool

Many Black agents are trying to get their communities to use insurance as an investment tool.

“You really can’t work your way to wealth, you have to invest your earnings somewhere,” New York Live VP Mitchell said. “It’s time to consider tools like life insurance as well as looking at places where we can find money to invest.”

He added, “We can insure our parents, ourselves and our children to build this within our own families. By getting our mindset and spending habits right, we can start setting up college savings plans and down payments for homes like others.”

Are you interested in getting smart on Life Insurance? Click here to take the next step