The Inconvenient Conversation: Race-Based Life Insurance Premiums

by James M. Robinson

The Inconvenient Conversation – Race-Based Life Insurance Premiums America has quite a complicated history with its people of color when it comes to money or wealth. The fact is that any asset that could be used to build wealth e.g., homeownership and insurance policies, was denied to most black citizens. The national discussions on reparations for Black Americans must include an additional conversation about the destruction of our capacity to leave legacy assets to our children due to nefarious business practices of Insurance Companies. Insurance Companies that were implicated in the institutionalized racism scheme that lasted for more than 200 years will cry, “We already confessed and paid for our sins.” My response is this, “No sir, you have not. Not when you consider the time value of money and the missed opportunity cost.” The Inconvenient Truth is that the conversation about race-based life insurance premiums is far from over. This practice went on for over 100 years. It annihilated the second-best chance for descendants of Black slaves to build wealth...Generational Wealth. As a student and accredited practitioner of the financial services industry, I reevaluated the Life Insurance Companies settlements they made to my people in the early part of this century. I will give you a historical perspective, so our current generations understand how this practice affected them. From there, I will share with you why I make the statement why the raced-based premiums settlements are far from over. Lastly, I will suggest how additional restorative reparations should be paid to the descendants of those who were victims of this unethical punitive practice. If you are African American and you, your parents, grandparents, great grandparents, and other descendants owned life insurance whose premiums were collected weekly or monthly by insurance agents...you need to read 'The Inconvenient Conversation – Race-Based Life Insurance Premiums' If you read the first book in the Pathways series, 'Pathways to Generational Wealth for Black Americans - Restorative Reparations and Financial Literacy Education’…you will want to read this book which is second in the Pathways Series. A Great Read for The Entire Family and a Tremendous Reference Tool. James Morris Robinson CLU, ChFC, CFP, CRPC, MSFS

66 pages, Paperback

Published May 15, 2021

About the author

About the Author - James M. Robinson (Also published as James Morris Robinson and James Robinson).

Jim has authored several financial guides for the benefit if the military and his community. (Non-Fiction)

Jim Robinson spends his spare moments reading and writing for more adventurous times and patriotic people. As you guessed, Jim has a passion for adventure and intrigue.

Jim draws inspiration from Tom Clancy, an American novelist best known for his technically detailed espionage and military-science novels. Born in Baltimore, Tom Clancy was an insurance agent before he went on to write blockbuster espionage books, including ‘The Hunt for Red October’, ‘Patriot Games’ and ‘Clear and Present Danger.’

Jim notes the similarities in his career path to Tom Clancy’s. Jim worked in the Financial Services industry for several large financial firms before writing his first book, ‘Changing Faces – America’s Wealth Advisors.’ Jim then turned his attention to his first military fiction novel, ‘The Sixth Extinction.’ Now comes his second military fiction novel, ‘Accelerant – Continental Drift.’

Jim wants you to know he was born and raised in Savannah, Georgia where as a boy, he watched huge container ships travel up and down the Savannah River. Savannah is also home to two military bases, Fort Stewart, and Hunter Army Air Force base.

Jim loves attending the Air Shows at the Marine Corps Air Station in Beaufort South Carolina.

Jim loves spending as much time as he can ‘Billfishing’ in the waters near Tortola BVI and Puerto Rico.

He also loves hunting in Alaska as the Sun Dogs dance across the sky. Jim is currently working on several fiction and nonfiction novels. Jim currently resides in Virginia.

Get the latest on the Accelerant Series at www.6extinction.com