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Central Life Insurance Company of Florida (1922 – 1991) [1] was an American insurance company founded by prominent African Americans in Tampa, Florida, U.S.. Established during the Jim Crow era of segregation and discrimination, the company loaned money to Black–owned businesses.
Frank L. Gillespie (November 8, 1876 – May 8, 1925) was a businessman who created the first African American-owned life insurance agency outside of the U.S. southern states. [ 1 ] [ 2 ] Gillespie had been an agent at Royal Life Insurance Company, a white-owned insurance agency, working in the "department for colored people" and noticed his ...
Merrick's most profitable and noteworthy undertaking was the creation of the North Carolina Mutual Life Insurance Company. He cultivated his relationships with Durham's influential white families that had developed from his selfless personality and reliable business practices here, as he accepted loans from Washington Duke, his willing friend ...
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. (Photo: Getty Images) (Rawpixel via Getty Images)
56 percent of Black Americans have now purchased life insurance policies in the last year, which is the highest rate among all racial groups according to LIMRA.
At National Life, Houston sold insurance to black waiters and cooks at the railroad commissary. [2] In the early 1920s, when William Nickerson, Jr. arrived in Los Angeles to establish a branch of the Texas-based American Mutual Benefit Association, he needed someone with local contacts who had some knowledge of the insurance business. As a ...
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans.
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