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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.
When Nickerson died in 1945, Houston assumed leadership of the company. At that time, Golden State Mutual Life Insurance Company was the seventh largest black insurance firm in the United States and the largest black-owned business west of the Mississippi. [2] [4] With Houston at the helm, Golden State Mutual continued its growth and expansion.
Only 10% of Black families receive a wealth transfer, versus 46% of white families, according to one 2014 study.The median transfer for Black families who get an inheritance is $52,240, or 60% ...
An insurance cycle, also known as an underwriting cycle, is a term describing the tendency of the insurance industry to swing between profitable and unprofitable periods over time. The underwriting cycle is the tendency of property and casualty insurance premiums , profits , and availability of coverage to rise and fall with some regularity ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
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.
The least expensive type of life insurance is usually term life insurance. It provides coverage for a specific period — often 10, 20 or 30 years — and is typically much cheaper than permanent ...
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re , of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.