Our communities: The Financial Devastation

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This past week has been extremely stressful in the black communities, not to mention the past year alone.  The Washington Post states that there were 986 related police shootings in 2015 . The Huffington Post states that in 2016 there were a total of 136 Black men killed by police. In the same year, there was a massacre of crimes against the LGBT community . The deadliest mass shooting in 2016 with 50 people killed at a night club in Florida.  Let’s not forget about the 9 African Americans who were killed as a result of hate crime and the 14 victims who were killed in San Bernardino.

Just this week, 5 police officers were killed as a result of retaliation in Texas . I can go on and on about the fatalities between police shootings, hate crimes that involves death and lastly, all the deadly shootings against black men killing one another (gang infestation) from various states like Detroit, Chicago,& Los Angeles just to name a few. I am not able to keep up with the tally but the numbers are large.

Watching the many  videos in the past year of black men being killed has truly torn my heart, mainly because I have a Black son, brother, father and many friends who I love dearly.  But what all these deaths have in common is they were untimely; gone before their time.  As I have mentioned before in my other articles, families are left Double Devastated as a result of not only losing their loved one but also having to face the financial devastation of not having the income to replace as a result of passing away.

Thinking about the trickle down effect of losing a loved one can wave through the family for many years to come: Leaving behind husbands, wives and children to fend for themselves financially in an already strained economy.   None of us ever want to think about losing a loved one, yet as we can clearly see, devastation can come at any given moment.

About two weeks ago, I had the chance to revisit the Museum of Tolerance  (http://www.museumoftolerance.com/site/) which is a wonderful museum that focuses on all hate from the Civil Rights movement to the Holocaust. So many various lives lost over the course of 40+years and we would think our country would evolve, yet with the scarcity of jobs and lack of education (which is what Martin Luther King Jr., was fighting for back in the Civil Rights era), it is challenging for our men  to thrive in this economical drought. One of the things the narrator pointed out is that we must pay attention to our history since it has a way of repeating itself (sic).

Yes we must protest for our rights and work to right so many wrongs in our community but let’s also have the conversation about ensuring families are protected by being PRO-active rather than REactive which means, don’t leave anything to chance, ensure your family is protected with Life Insurance.

Many say they cannot afford it, but truly no one can afford not to have it .  Unless you have thousands of dollars to give away, I would strongly suggest budgeting for that $50-$100 payments (depends on age and health) per month rather than having  to come up with $10K-$15K to bury a loved one. In many of the cases named above, families had to create GoFundMe accounts to bury their loved ones.

Also, the purpose of life insurance is to restore the family back to the state of living prior to the loss of a loved one.  That income is no longer available and the beneficiary cannot depend on work life insurance (which is really called a certificate of insurance) does not pay out in a timely manner or may not pay the full amount of insurance depending on the company’s agreement with the life insurance company (e.g. Employee would have to die on the premises or work a certain amount of hours in a week for the work policy to pay out).

At the end of the day, we have to ensure families left behind are properly protected.  I pray for all the victim’s families who have suffered as a result of losing a loved one.  I pray for their strength and financial restoration because no one left behind should have to deal with mourning a loved one and also worrying about money.

I am in a business where I get the opportunity to assist families, but how do I convince those who have the option of buying life insurance know that they need life insurance?

I ask that you forward this article to all your loved ones and let’s start a movement to not only stand up for our Civil Rights but ensuring that we are all financially protected as well.

Maxine Sinclair

e-mail me at mizzmax66@gmail.com

References:

https://www.washingtonpost.com/national/final-tally-police-shot-and-killed-984-people-in-2015/2016/01/05/3ec7a404-b3c5-11e5-ia76a-0b5145e8679a_story.html

http://www.huffingtonpost.com/entry/black-people-killed-by-police-america_us_577da633e4b0c590f7e7fb17

https://76crimes.com/100s-die-in-homophobic-anti-gay-attacks-statistics-updates/

http://www.usatoday.com/story/news/nation/2015/06/17/charleston-south-carolina-shooting/28902017/

http://www.nytimes.com/2016/07/09/us/dallas-police-shooting.html?_r=0

http://(http://www.latimes.com/local/lanow/la-me-ln-san-bernardino-shooting-victims-htmlstory.html

Author: Maxine Sinclair

Maxine is a new to the world of blogging but has many experiences to share ranging from personal triumphs to business dealings. My goal is to inform, educate and learn from my followers.

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