Afro-American Life Insurance Company
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Up until the creation of this insurance company, black Americans found it difficult to purchase life insurance, which was unaffordable to most blacks at the time. The insurance company also served as a financial institution as well. The company is responsible for the creation of American Beach in Nassau County, Florida.
With strong competition from other insurance companies in the mid-20th century, the Afro-American Life Insurance Company closed its door in 1990. The building located at 101 E. Union Street, which housed the company has been renovated and served as the offices for Congresswoman Corrine Brown and other businesses.
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