Business
Hey there,It's Black History Month, and we're always ready to call out some sh*t about the finance industry. Here's some f*cked up history for you:The history of insurance is racist.NY Life started in the 1800's by insuring enslaved Africans lives - if a slave died, the insurance company would pay the slavemaster for their life. Fastforward to the 80's and 90's when Walmart started buying "dead peasant" life insurance policies where if an employee died, Walmart got paid out. POC have always had a complicated relationship with insurance - it's an exploitative industry where salespeople are incentivized to take advantage of their clients. It's also one of the best ways to protect the wealth you've built and pass it on to the next generation. This week, we explore the racist history of insurance and why you need it anyway. By the end of the podcast, you'll know exactly what insurance you need to buy to protect your wealth at every stage of life.Music Featured in This Episode:Dead Peasant feat Sana Sana by PAN(D)EMICR.I.P Disability [Rework] by Shawn CrutchSegregation by Ondaway