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Why Black Americans purchased more life insurance policies than anyone else last year Curtis Bunn © Provided by NBC News 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.

United statesJohnny oaksErwin mcgowanStephanie harrisAlison salkaNational centerFederal reserveHealth statisticsBlack americansCourtesy erwin mcgowanCourtesy erwin mcgowan imageState farmFifth wardInsurance ladyAmerican income lifeCourtesy stephanie harris