Marvin Hightower for a press conference touting measure, HB 302. The Rev. Hightower says members of the African American community stand to benefit, including himself. He recently checked the state’s death records and discovered his deceased mother’s policy, seven years after she died. Peoria NAACP Chapter President Marvin Hightower and Illinois State Treasurer are promoting a bill that would require life insurers to pay death benefits. Credit Cass Herrington / Peoria Public Radio “It was a wow moment, and it opened my eyes that there are people like our family that had benefits, but just didn’t know,” Hightower said. Treasurer Frerichs says some life insurance companies are notorious for preying upon low-income and African American communities, by selling cheap policies and not paying the claims when the policyholder died. HB 302 passed both chambers of the state legislature, but most Republicans rejected it. Frerichs says the measure has been politicized because of pressure coming from the insurance lobby. “We can wait ‘till there’s a Democratic governor and come back and fight this again, but families will have to wait another two years and that’s not something I want to envision,” Frerichs said.
For the original version including any supplementary images or video, visit http://peoriapublicradio.org/post/naacp-supports-bill-favors-life-insurance-beneficiaries-over-companies
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