4 ways how Life Insurance Can Help You Build Multi-Generational Wealth for Your Family
Purchasing a life insurance policy for your family is a straightforward and affordable way to help build wealth and put your loved ones ahead of the curve.
How Life Insurance Can Help You Build Multi-Generational Wealth for Your Family
Over the past two years, COVID-19 has killed Black Americans at a faster rate than any other demographic. And yet, there are still at least 20 million individuals in the Black community without adequate life insurance coverage, according to the 2021 Insurance Barometer Study conducted by LIMRA and Life Happens.
The benefits of using life insurance as a tool to create multi-generational wealth—while ensuring your loved ones can move forward financially after your passing—can be priceless. Here are some of the most common methods:
![Article by Sharee Biggs Sharee Biggs is a Certified Financial Education Instructor, Qualified Tax Specialist, and freelance writer who helps women, millennials and moms get serious about their personal finances. n her free time, she enjoys yoga, hiking and catching the latest medical drama.](https://synergyfinancialsolutions.com/wp-content/uploads/2023/02/HeadShotTestTwo-150x150-sharee-bigs.jpg)