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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

2. Recognizing the value of life insurance

Black Americans began to recognize the value of life insurance on many levels, from burial coverage to covering debt.

“Our people don’t know enough about or see the value in life insurance,” said Erwin McGowan, an agent with State Farm insurance company, in an NBC News report. “That has to change. And that’s why I chose where I am — to help the people who need it most.”