There are 48 million Black Americans in the U.S. Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. However, 46% remain underinsured, with their benefits not sufficient to replace income, offer cash value options during life, or provide wealth transfers across generations. Educating and empowering Black Americans to understand the importance and power of life insurance could help close the racial wealth gap.
The Chocolate City Wealth Building Tour is dedicated to empowering Black America by providing valuable insights, resources, and strategies to build, protect, and preserve wealth within our community. As we stand at the intersection of history and opportunity, it is imperative that we come together to address the economic disparities that have long plagued our community. Through education, collaboration, and collective action, we have the power to break down barriers, create pathways to prosperity, and build a brighter future for ourselves and future generations.
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