The racial wealth gap in the United States is a pressing issue, with Black Americans facing significant barriers to building and transferring wealth. Despite these obstacles, innovative strategies can help bridge this gap, including tools that may not be traditionally associated with wealth-building, like life insurance. Life insurance offers more than just a death benefit; it’s a powerful instrument for creating generational wealth, protecting assets, and even providing tax-free income in retirement. One type of life insurance, Indexed Universal Life (IUL), offers a unique combination of benefits, making it a valuable tool for families seeking financial security and legacy planning.