Life insurance is really that cheat code black folks need to start investing in...

[Big Blue]

My job pays for mine.

 

[Armchair Militant]

How much are y’all paying for that each month?

 

[PaperEnterprise]

tell me more breh

look up MassMutual whole life legacy policy. I believe there is a minimum. Mine is $700 per month.

sit down and speak with a financial advisor. Let them know what you are looking for when you retire per month. It’s a great policy but do your own research

 

[Offthegrid]

I've been talking to my sisters about this about getting a policy on all of us just incase u never Kno just make sure the legacy is good hands

 

[Luxury Tax]

Especially if you got a family member caught up in that lifestyle... Piece up & put a policy on them INSTANTLY!

I know a few folks personally that was in the game and lost in these streets

some of their families were able to bury them and eat off that policy.

Selling RIP T-shirts is a hassle and Covid done shut down them big Church Fish Fry fundraisers

 

[987654321]

I have life insurance that goes to my fam and my niece gets my medical Retirement pension from the VA ($2000+ A month forever)

 

[UpAndComing]

I kid you not, my grandmother said "aint nobody getting rich off of my death"

I can honestly say that I was disgusted and hurt by this comment. I love her so much and dont want her to pass but the ignorance is just wow... I havent looked at her the same since, shes our matriarch.

This is how generational wealth is started. My son will be good if something happens to either one of his parents.

Edit: and the twins ( i keep forgetting about them) ...my son is going from 100% to 33% in less than a year....damn...

Black Matriarchy at it's finest

 

[Ghostface Trillah]

My job pays for mine.

Most jobs only pay out enough for a funeral while taking the majority of the money for themselves. They'll have a 100k policy on you but your family will only receive 10-15K. Check and see exactly what they'll payout to your family.

 

[Orange cream shake]

Financial education is the cheat code. My aunt mom passed when she was still a kid and she was to inherit a lot of money at 21. Her father and her lawyer played her out a nice chunk of her money and the rest she bullshytted. This was over a decade ago and she has nothing to show for it. Her mom meant well May she Rest In Peace but that money made her daughter a target. fukk her dad forever. ( my biological grandfather but I don’t claim him)


I have a policy but I need to change the beneficiary to my son. He can put me in a card board box, as long as he a good person and that money helps him be good, momma can rest easy.

 

[Jahbarri]

My son is 2.5 years old I’m 27. He gets about 100k when I die from everything I have+ 100k life insurance policy . But I need to look over everything to make sure fine print is right even tho a friend is who put me on .. also will be stipulations like 25% of all funds when he’s 18. Another 25% at 25. With remaining 50% for his kids and or towards his first property

 

[BaldingSoHard]

I have a 100k policy through my job but nothing else since my assets far exceed my debts and I have no dependents.

 

[Dave24]

Bump