Our organization uses donations to fund the purchase of Term Life Insurance policies for young African-American fathers.
In the case of the death benefit being paid out we ensure through the use of Trust services that this windfall is used to create lasting generational wealth.
In addition to providing a monthly living stipend so that the family can live comfortably,
the Trust rewards the family with additional funds each month for participating in capacity building activities.
Term life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Term life insurance is usually the least costly life insurance available. (Definition Provided by Investopedia)
A trust is a fiduciary relationship in which a trustor gives another party, known as the trustee, the right to hold title to property or assets for the benefit of a third party. Trusts are established to provide legal protection for the trustor’s assets, to make sure those assets are distributed according to the wishes of the trustor, and to save time, reduce paperwork and, in some cases, avoid or reduce inheritance or estate taxes. (Definition Provided by Investopedia)
As we promote participation in these capacity building activities centered around the Social Determinants Of Health we will see not only see increased longevity in life but also decreased rates of premature death for this generation and generations of African-American’s to follow.
American society as a whole, including the American economy, will also greatly benefit. Some of the ways we expect to see this contribution to the nation as a result of our services are African-American job creation and employment, decreased strain on government provided aid, increased human capital, pumping money into the economy, community involvement, etc. etc.
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Helping economically disadvantaged families create and sustain generational wealth.
A future with less poverty and more wealth for all.
Through the reimagined use of financial tools, we're able to reward our clients for developing valuable habits.
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