• Why life insurance plays a key role in closing the racial wealth gap, according to a financial advisor

    3 days ago - By Business Insider

    Summary List Placement
    Traditionally, life insurance was marketed to the Black community for burial expenses, not as an investment tool, and Blacks were given higher premiums for lower death benefits.
    According to financial advisor Rosalyn Glenn, life insurance can be a powerful wealth-building tool - even during your lifetime.
    Permanent life insurance can be a particularly good option because it never expires and there's a cash value you can borrow against.
    Education about how life insurance products build wealth is key to closing the racial wealth gap.
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