05.13.22

Changing how Black Americans use life insurance could shrink the racial wealth gap

I believe life insurance is a critical tool for individuals and families to keep their loved ones from financial instability when they’re already faced with loss and grief. In this article on Yahoo! News, Ronda Lee takes a look at how life insurance can be used to impact wealth gaps in the Black community and the problem of underinsurance.

I shared some insight with her as she worked on this piece, specifically about the benefits that can be realized through the use of permanent life insurance policies in building tax-deferred cash value that can be accessed in a number of ways to support financial goals.

I encourage you to read her full article today.

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