Life Insurance Platform to Help African Americans

While many people fail to realize the importance of having a sound life insurance plan, there are many plans available, and from many different companies. There are general life insurance plans that would be ideal for anyone, but Africans living in America could likely benefit from customized life insurance, as there are many benefits. Once a person has had a permanent life insurance plan for a while, then, depending on the specific plan and which company it is, it is sometimes possible to borrow money against the worth of the insurance plan.

Term life insurance does not qualify for loans, and if you ever want to borrow money, then you must ensure that you have a specific type of plan. The terms will depend on the insurance company, loan type, loan amount, and more. Here is a complete overview of customized life insurance for Africans living in America, as well as other people of color, and how it can benefit them.

Customized Life Insurance

Customized life insurance for Africans, African Americans, as well as other people of color is beneficial because it can provide these, sometimes underinsured groups, access to high-quality life insurance that is specifically geared towards people of color. Many people of color live in poverty, and as a result, they’re often unable to afford life insurance policies in general, let alone high-quality life insurance plans. A customized life insurance plan will take a person’s income into consideration and provide the person with a rate that they can easily afford. This makes it possible for many people of color to have access to whole life insurance who otherwise would not have had access to any life insurance at all.

Is it Worth Getting a Whole Life Insurance Policy?

A person can never predict when an unexpected early death might occur. When many Africans, African Americans, and other people of color die, many typically have no life insurance coverage at all. This can cause a massive burden on their loved ones as they struggle to make ends meet after the death of the person who may have contributed 50% or more of the income to the household. Furthermore, burial and funeral costs are astronomical, and if a person has no life insurance, then the family must scramble to try to come up with funds to cover funeral costs. For most people of color, this is nearly impossible, so their deceased loved one often ends up being buried in an “indigent” cemetery.

By purchasing a life insurance plan that is specifically geared towards people of color who are low income, it can provide protection for a person’s family if an untimely death were to occur. For this reason, it is very much worth getting a whole life insurance policy.

What Does Suze Orman Say About Whole Life Insurance?

If you’re not familiar with Suze Ormon, then you should definitely familiarize yourself with who this financial guru is. Suze Ormon is a popular professional financial advisor, and she is well-known for her expertise in finances. Suze Orman has a very strong opinion about all financially related situations, and when it comes to whole life insurance plans, she has a lot to say. This financial expert states that if someone relies on your income, then you need to purchase a life insurance policy.

As stated earlier, if you have a family who is supported by at least 50%of your income, then losing your income due to an untimely death could lead to ongoing financial problems in the future. If you obtain a suitable whole life insurance plan as soon as possible, then should you die unexpectedly, then your family can pay for your funeral and then have money left over to cover regular living expenses.

What is the Cost of Whole Life Insurance?

The cost of whole life insurance varies significantly and will depend on a person’s age at the time of purchase, their health, and much more. Customized life insurance that helps African Americans and other people of color can cost significantly less than expected, because again, such companies offer top-quality whole life insurance plans at rates that anyone can afford. This makes it possible for anyone interested in purchasing life insurance to easily afford it. Since men sometimes die before females do, based on statistics, a life insurance plan will typically cost more for them. Specific rates must be discussed with an insurance agent, however.

Is Whole Life a Good Retirement Investment?

Whole life insurance is actually a great retirement investment. Whether a person dies while they’re still young or when they’re much older, investing in a top-notch whole life insurance plan can provide you and your family with peace of mind. No one wants to think about death and dying, but unfortunately, everyone will die someday, some sooner than others. This is why it’s best for you to ensure that you have optimal cover, so your family can avoid experiencing financial hardship after your death.

Unfortunately, people of color often can’t afford whole life insurance plans, so if a person dies unexpectedly, then they could possibly leave their family in financial despair. This is where customized whole life insurance plans for African Americans, Africans living in the United States, and other people of color come into play. The whole life insurance provider will customize the insurance plans for each individual person, providing them with access to affordable whole life insurance benefits so they can have the security of knowing that their families are covered should they die unexpectedly.

So, if you’re ready to provide yourself with the safety and security of knowing that your family will be covered should you die unexpectedly, then you should contact your AfriKare Life agent as soon as you can. AfriKare Life provides high-quality insurance plans that will be based on your particular financial situation. You will never be forced to pay a higher premium than what you can comfortably afford.

The company is dedicated to helping working-class Africans in America, African-Americans and people of color in America secure their family’s financial future with an easy life insurance platform and other financial solutions.

Afrikare Life, a life insurance and financial services company serving the United States Africans, African-Americans and other communities of people of color, announced the launch of their interactive modern technology for life insurance quotes and application. The company started with the vision to uplift African individuals, families, and tribes living in America from financial captivity and help them escape generational poverty. The young founder of Afrikare Life, Sam Ayeni, aims to achieve this vision by caring for their clients through practical financial education and offering personalized and affordable financial products, including tailored life insurance plans.

“Utilizing interactive modern technology for ease and access, we are dedicated to ensuring that no one is left behind when it comes to financial security.,” said Sam Ayeni, founder and CEO of Afrikare Life. 

One of the reasons why some Africans in America, African-Americans and other people of color shy away from buying life insurance is because they feel pressured and hounded by agents who are just in the market to make commission.

Through engaging modern technology, prospects can easily run their own quotes from the comfort of their home on any devices, without talking with any agents. In some instances, the entire application can be completed with ease.

Wrong perception that life insurance is expensive also robs people of color from creating generational wealth. Regardless of income range, with just one-hour of paycheck per week, AfriKare Life agents can customize life insurance that meets any family financial needs and budget.

With years of experience in the life insurance industry, AfriKare Life is uniquely positioned to provide its clients with the best life insurance plans and financial services available. The CEO of AfriKare Life has a unique ability to understand and connect with his clients, which he has developed through his previous career as an Army combat veteran.

“My military experience taught me that I needed to be flexible and adaptable when working with different individuals. My goal is to apply that same principle to the business world,” said Mr. Ayeni. 

During his years serving in the military, Ayeni lost a few friends in combat, and since all of them had life insurance plans, their families were financially taken care of afterward. This led him to the idea of doing something for the Africans who come to the U.S in hopes of building a better future but don’t earn enough to save for bad times. 

Much more than the traditional life insurance, AfriKare Life offers multiple financial services products for different financial situations and income, that include Premium Financing. People of color generally use leverage, that is borrowing from banks to buy a house, car, even finance an education but very few are aware that they can use leverage for Life Insurance, especially for retirement planning purposes. 

Mr.Ayeni said “The best part with the premium financing product we offer is that there is no credit check, no loan documents, no personal guarantees and no interest payments. The policy secures the loan, providing our clients with potential for an additional 60-100% more for their retirements without the typical risks associated with leverage”.

Through Afrikare Life, we aim to equip all our fellow Africans and people of color in America with the knowledge and tools to ensure their families are safe from financial struggles should anything happen to them.

To know more about Afrikare Life or to procure their services, contact them at 877.560.2099 or visit their website.

Media Contact

Company Name: AfriKare Life Financial Company

Contact Person: Sam Ayeni

Contact Number: 877.560.2099

Email: customercare@www.afrikarelife.com

Location: Colorado Springs, CO

Website: https://www.afrikarelife.com