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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.
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 ...
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans.
A black sheep stands out from the flock. The Black Sheep from a 1901 edition of Mother Goose by William Wallace Denslow. In the English language, black sheep is an idiom that describes a member of a group who is different from the rest, especially a family member who does not fit in.
Charles Clinton Spaulding. Charles Clinton Spaulding (August 1, 1874 – August 1, 1952) was an American business leader. For close to thirty years, he presided over North Carolina Mutual Life Insurance Company, which became America's largest black-owned business, with assets of over 40 million US$ at his death.
No previous settlement for a civil rights suit had even come close — local activists complained that this was because Justine was white and other victims of police killings, like Jamar Clark ...
Together with Dr. Aaron Moore and Charles C. Spaulding, Merrick helped increase the wealth of the “oldest and largest African American life insurance company in the United States”. [3] North Carolina Mutual was hugely successful—the company sold $4,986,344.40 of insurance and conducted business in many southern states across America. [9]
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