Last updated 17 hours ago
Industry News

Black Americans are buying more life insurance. Here’s why

Two days after Christmas, Johnny Oaks found his son, Jonathan, dead in his bedroom of their Houston home. The cause of death: Covid-19.

The shock and pain crippled Oaks. “J,” as he called his son, was just 37. He had been diagnosed with the coronavirus only two days before, after being sent home from work because of excessive coughing.

Jonathan was Oaks’ only son, whom he raised as a single parent before getting remarried.

Even though he was devastated, Oaks said he still felt fortunate that he was able to give his son a proper burial because he had life insurance.

Read More