To get started we asked Candice Darien, Life Regional Vice President at Nationwide, and Siedah Garrett-Guess, Founder of Young & Financially Lit, to define generational wealth for us.

Congrats on thinking ahead to being a generational wealth builder! You might be putting money into your savings account or starting your retirement account, but do you have life insurance? Hear us ...

Many Americans view life insurance as simply a death benefit—a financial safety net that only matters when you’re gone. This ...

In conclusion, life insurance can in fact help you pass down generational wealth for your family, as long as your death is while your policy is active. Who would’ve thunk?

Buy Life Insurance Life insurance often gets overlooked in generational wealth planning, but it can provide immediate financial security for your family while contributing to long-term wealth ...

Life insurance can also build generational wealth. Starting a life insurance policy for your child while they're young can set them up for a head start on their wealth by the time they turn 18.

Life Insurance for Generational Wealth Rachel Marshall, the co-founder of The Money Advantage, is a proponent of whole life insurance, and she has a personal tale behind it.

Incorporate life insurance and annuities Life insurance and annuities can play a significant role in wealth transfer by providing liquidity, ensuring financial stability and facilitating tax planning.

African American families own life insurance but not enough of that to create generational wealth, a group of panelists said.

Being a beneficiary of a life insurance policy is another way generational wealth begins. The proceeds can be used to pay off debts or start a business.