The Omega Psi Phi Fraternity Life Insurance Initiative: Building Generational Wealth
Welcome, esteemed members of Omega Psi Phi Fraternity. Today, we embark on an inspiring journey to explore a visionary concept that could revolutionize our fraternity's impact and secure our legacy for generations to come. Grand Basileus Ricky Lewis's proposed Life Insurance Initiative aims to foster generational wealth, drive economic empowerment, and fuel fraternity growth.
Our Agenda: Exploring a Transformative Vision
1
Initiative Overview
Understand the core concepts and potential impact of the Life Insurance Initiative
2
Key Components
Explore the fundamental elements that make up this innovative program
3
Benefits and Challenges
Analyze the potential advantages and obstacles we may face
4
Next Steps
Discuss the path forward and how we can contribute to this transformative vision
Omega Psi Phi Life Insurance Committee Members
The Life Insurance Initiative is guided by an exceptional team of leaders whose combined expertise spans finance, technology, risk management, and wealth building. Each member brings specialized knowledge crucial to the program's success:
James McMorris
Chief Insurance & Risk Mitigation Officer
First Priority Insurance Agency LLC
Anthony "Icky" Young
Chief Asset Management Officer
CEO, 20 Pearls Asset Management Company LLC
Brian "B.K." Ashford
Chief Data Scientist and Analytics Officer
CEO, Mirror Management Group LLC
James Lovejoy
Chief Military & Veterans Affairs Specialist
CEO, Communities In Color Developement Group LLC
Harold Hill
2nd District Investment Committee Chair
Investment Financial Advisor
Gregory Powell
Chief Treasury Officer
CEO, Omega Capital LLC
Together, this distinguished leadership team combines strategic vision with practical expertise to create lasting financial impact for Omega Psi Phi members and their families. Their collaborative approach ensures that every aspect of the initiative - from data analytics to risk management to wealth building - serves our brotherhood's long-term success.
The Vision: Aligning Financial Innovation with Our Principles
Manhood
Empowering our brothers to take control of their financial futures and protect their families
Scholarship
Promoting financial literacy and education to equip our members with crucial knowledge
Perseverance
Building long-term wealth and stability through consistent, strategic financial planning
Uplift
Creating a sustainable infrastructure to support our community and drive positive change
A Strategic Investment in Omega Psi Phi’s Future
The Omega Psi Phi Life Insurance Initiative includes a unique financial strategy designed to provide both individual security and fraternal sustainability. Under this plan, each Omega Psi Phi member is provided with a $10,000 life insurance policy, with a structured 50/50 split upon payout.
How It Works
  • $5,000 Contribution to the Fraternity: The remaining half is reinvested into Omega Psi Phi Fraternity’s initiatives, helping strengthen financial stability, fund community programs, and build long-term wealth for the organization.
  • $5,000 Direct Benefit to the Member's Beneficiary: In the event of a member’s passing, half of the insurance payout ($5,000) goes directly to the designated beneficiary—helping cover immediate financial needs, funeral costs, and providing family support.
The Purpose and Impact
  1. Legacy Preservation – Members leave behind financial support for their families while also contributing to the long-term strength of the fraternity.
  1. Fraternity Growth & Sustainability – The funds reinvested in Omega Psi Phi ensure continued support for scholarships, leadership development, community service initiatives, and investment opportunities.
  1. Reclamation & Engagement – The initiative encourages member participation, strengthening Omega Psi Phi’s financial structure and increasing active membership.
  1. Wealth Circulation – Keeps money within the fraternity, allowing Omega Psi Phi to become more self-sustaining and less reliant on external funding sources.
Why This Matters
This strategy creates a win-win scenario for both individual members and the fraternity. Instead of leaving families without financial protection—or relying on emergency fundraising through GoFundMe—the $10,000 life insurance benefit ensures structured financial security while reinforcing the legacy and strength of Omega Psi Phi.
Beneficiary Designation Resources
As part of our commitment to securing your legacy through the Omega Psi Phi Fraternity Life Insurance Initiative, we've provided essential resources to help you designate your beneficiaries and understand the program.
📺 Video Guide
Watch our comprehensive video overview to understand the Life Insurance Initiative and learn how to properly complete your beneficiary designation.
🔒 Online Form
Complete our secure online preliminary beneficiary designation form to ensure your wishes are properly documented and your loved ones are protected.
💼 Legacy Planning
Take the next step in securing your family's future by designating your beneficiaries today. Our streamlined process makes it simple to protect what matters most.
The Power of Life Insurance in Wealth Building
Financial Security
Provides a safety net for families, ensuring financial stability in times of need
Tax-Advantaged Growth
Offers potential for tax-deferred cash value accumulation over time
Estate Planning Tool
Facilitates efficient wealth transfer to future generations
Liquidity Source
Can serve as a source of funds for various financial needs during one's lifetime
Addressing Systemic Economic Disparities
Wealth Gap
The median wealth for Black families is approximately 1/8th that of white families. Our initiative aims to narrow this gap by providing tools for long-term wealth accumulation.
Life Insurance Ownership
Only 56% of Black Americans have life insurance, compared to 68% of the general population. We seek to increase coverage and financial protection within our community.
Intergenerational Wealth Transfer
Black families are less likely to receive inheritances, limiting generational wealth. Our program will facilitate the transfer of wealth to future generations.
Four Pillars Towards Success
Comprehensive Coverage
Term and permanent life insurance options for all members
Benefit Distribution
Equitable allocation between families and fraternity programs
Asset Management
Professional oversight of funds through irrevocable trusts
Financial Education
Ongoing literacy programs and mentorship for members
The Legacy of Life Insurance: Building Wealth, Protecting Families, Small Businesses, and Communities
1
Family Financial Security
Provides immediate financial protection, ensuring your family maintains their standard of living and educational opportunities remain secure.
2
Business Continuity Support
Acts as a business continuity tool, helping Black-owned enterprises survive and thrive across generations through proper succession planning.
3
Community Economic Empowerment
Strengthens our broader community by creating pools of capital that can be reinvested in economic development and opportunity.
As members of Omega Psi Phi, embracing life insurance today means building a lasting legacy that elevates not just our families, but our entire community for generations to come.
The Power of Collective Responsibility
Shared Purpose
By pooling our resources, we create a powerful force for change and growth within our fraternity and community.
Mutual Protection
Our collective approach ensures that all members and their families are safeguarded against financial hardship.
Amplified Impact
Together, we can fund larger initiatives and make a more significant difference in our communities than we could individually.
Irrevocable Trusts: Securing Our Financial Future
1
Trust Establishment
Create irrevocable trusts to hold and manage life insurance policies and benefits
2
Professional Management
Appoint experienced asset managers, estate planners, and financial advisors to oversee funds
3
Strategic Allocation
Distribute funds to support fraternity operations, scholarships, and community outreach
4
Long-term Growth
Reinvest portion of funds to ensure continued financial stability and growth
Building a Legacy of Financial Empowerment
1
Financial Literacy Programs
Develop comprehensive educational resources to enhance members' financial knowledge
2
Mentorship Networks
Connect experienced financial professionals with younger members for guidance and support
3
Wealth-Building Workshops
Organize regular seminars and workshops on investment strategies and wealth management
4
Digital Resources
Create an online platform with tools, calculators, and educational content for ongoing learning
Undergraduate Engagement: Preparing Future Leaders
Early Education
Introduce financial concepts and the initiative's importance during pledging
Mentorship Pairing
Connect undergraduates with alumni mentors in finance-related fields
Leadership Development
Provide opportunities for undergrads to participate in initiative planning and execution
Post-Graduation Support
Offer resources and guidance for recent graduates as they start their careers
The Ripple Effect: Impact Beyond Our Fraternity
Community Uplift
As our members build wealth, they can invest more in their local communities, creating jobs and opportunities.
Educational Support
Increased funding for scholarships will help more young people access higher education and achieve their dreams.
Positive Role Models
Our success will inspire other organizations and individuals to prioritize financial empowerment and community investment.
Potential Challenges and Mitigation Strategies
Member Buy-In Challenge
Some members may be hesitant to participate in a new, large-scale financial initiative. Our mitigation strategy includes transparent communication, phased implementation, and personalized benefits analysis to ensure smooth adoption.
Regulatory Compliance Challenge
Navigating complex insurance and financial regulations across different states requires careful attention. We'll partner with legal experts, establish a dedicated compliance committee, and conduct regular audits and reviews.
Leveraging Technology for Efficient Implementation
Digital Platform
Develop a secure online portal for members to manage their policies, access educational resources, and track fraternity investments.
Data Analytics
Utilize advanced analytics to optimize policy selection, predict trends, and measure the initiative's impact on wealth creation.
Blockchain Integration
Explore blockchain technology for transparent and efficient management of trust funds and benefit distributions.
AI-Powered Advisors
Implement AI chatbots to provide 24/7 support and basic financial advice to members, complementing human advisors.
Partnering for Success: Key Collaborations
Insurance Providers
Form strategic partnerships with reputable insurance companies to offer customized policies for our members.
Academic Institutions
Collaborate with universities to develop cutting-edge financial education programs and research initiatives.
Government Agencies
Engage with relevant government bodies to ensure compliance and explore potential public-private partnerships.
Non-Profit Organizations
Partner with organizations focused on financial empowerment to amplify our impact in underserved communities.
Measuring Success: Key Performance Indicators
95%
Member Participation
Aim for near-universal adoption of the life insurance initiative among eligible fraternity members.
$100M
Trust Fund Growth
Target substantial growth in the collective trust fund within the first five years of implementation.
50%
Wealth Increase
Strive for a significant increase in average member net worth over a ten-year period.
10K
Community Impact
Aim to positively impact thousands of lives through increased scholarship and community program funding.
Phased Implementation: A Roadmap to Success
1
Phase 1: Planning and Preparation
Establish committees, develop detailed plans, and secure initial partnerships
2
Phase 2: Pilot Program
Launch initiative with a select group of members to test and refine processes
3
Phase 3: Full Rollout
Expand the program to all eligible members and implement supporting infrastructure
4
Phase 4: Growth and Optimization
Continuously improve the program based on data and member feedback
District-Level Empowerment: Strengthening Our Foundation Through Life Insurance
  1. Financial Security & Wealth Building Our members gain access to affordable, comprehensive life insurance coverage while districts benefit from robust legacy planning tools. Expert guidance in wealth accumulation, asset protection, and estate planning empowers our brotherhood's financial future.
  1. District Insurance Leadership Each district has the opportunity to establish a dedicated Insurance Committee, creating leadership opportunities for members with financial expertise. This structure facilitates seamless collaboration between district leaders, wealth stratagist, insurance professionals and ambassadors to drive engagement.
  1. Sustainable Economic Growth Districts will have the power to unlock new funding streams through strategic corporate partnerships, enabling expanded community programs and scholarship opportunities. Members can pursue insurance licensing, creating professional growth opportunities while generating income within our fraternity network.
  1. Enduring Legacy Our fraternity-wide life insurance initiative strengthens Omega's future by reducing financial strain from member losses while increasing retention. This comprehensive approach ensures lasting financial security for current and future generations of Omega men.
  1. Strategic Growth Management Districts leverage real-time financial analytics for data-driven decision-making. This approach optimizes fundraising, recruitment, and economic development initiatives, creating a scalable model for future financial services expansion.
Empowering Our Chapters: Local Implementation Strategies
Chapter Ambassadors
Appoint and train dedicated members to champion the initiative within each chapter
Customized Outreach
Develop tailored communication strategies to address the unique needs of each chapter's membership
Local Partnerships
Encourage chapters to form relationships with local financial institutions and community organizations
Inter-Chapter Competitions
Create friendly competitions to drive engagement and participation across chapters
Addressing Member Concerns: Transparency and Communication
Regular Updates
Implement a monthly newsletter and quarterly webinars to keep members informed about the initiative's progress and impact.
Open Forums
Host regular Q&A sessions with leadership to address member questions and concerns directly.
Feedback Mechanisms
Create multiple channels for members to provide input and suggestions for improving the initiative.
Transparency Reports
Publish annual reports detailing the financial performance and community impact of the initiative.
The Role of Alumni: Mentorship and Support
Financial Mentorship
Experienced alumni provide guidance on financial planning and wealth-building strategies.
Professional Networking
Alumni facilitate connections to career opportunities and business partnerships.
Initiative Leadership
Alumni with relevant expertise take on key roles in managing and growing the initiative.
Philanthropic Support
Successful alumni contribute additional resources to accelerate the initiative's impact.
Expanding Our Vision: Future Growth Opportunities
1
Investment Funds
Develop fraternity-managed investment funds to further grow and diversify our collective wealth
2
Business Incubators
Create programs to support and fund entrepreneurial ventures by fraternity members
3
Real Estate Holdings
Invest in properties to generate passive income and provide housing solutions for members
4
International Expansion
Extend the initiative to international chapters, adapting to local financial landscapes
Cultivating a Culture of Financial Excellence

1

2

3

4

1
Leadership Example
Fraternity leaders model financial responsibility and initiative participation
2
Continuous Education
Ongoing financial literacy programs for all members
3
Peer Support
Encourage members to share financial successes and lessons learned
4
Recognition and Rewards
Celebrate members who achieve financial milestones and contribute to the initiative
Leveraging Our Strength: The Power of 20,000+ Members
$1B+
Collective Purchasing Power
Our united membership can negotiate better insurance rates and financial services.
100K+
Network Connections
Tap into our vast professional network for career advancement and business opportunities.
1M+
Community Impact
Our combined volunteer hours can create significant positive change in our communities.
50+
Years of Legacy
Build on our rich history to create a lasting financial legacy for future generations.
Risk Management: Protecting Our Investment
Diversification
Spread investments across various asset classes to minimize risk and maximize potential returns.
Regular Audits
Conduct thorough, independent audits of all financial operations to ensure transparency and compliance.
Insurance Safeguards
Implement additional insurance policies to protect against unforeseen events or market fluctuations.
Succession Planning
Develop comprehensive plans for leadership transitions to ensure continuity of the initiative.
Securities Brokerage & Trade Execution
1
Market Access
Diverse investment instruments across global markets with competitive brokerage services
2
Brokerage Analysis
Strategic evaluation and custom solutions tailored to specific client objectives
3
Trade Execution
Real-time trading across global exchanges with advanced analytics
4
Performance Optimization
Cost-effective execution strategies to maximize investment returns
Portfolio Development & Securities Management
Portfolio Development
  • Customized, diversified strategies for long-term growth
  • Regular reviews and rebalancing to adapt to market changes
Securities Management
  • Proactive monitoring and risk mitigation
  • Transparent reporting and performance insights
  • Ensures stability and alignment with client goals
Empowering the Next Generation: Youth Financial Education
Early Start Program
Develop age-appropriate financial education materials for children of fraternity members, starting as young as elementary school.
Summer Internships
Create paid internship opportunities for high school and college students to gain hands-on experience in finance and wealth management.
Scholarship Enhancements
Expand existing scholarship programs to include financial literacy requirements and mentorship components.
Collaborative Research: Advancing Financial Strategies
1
University Partnerships
Collaborate with leading business schools to conduct research on wealth-building strategies for African American communities
2
Data Analysis
Leverage big data analytics to gain insights into member financial behaviors and optimize our programs
3
Policy Advocacy
Use research findings to advocate for policies that promote economic equity and financial inclusion
4
Innovation Lab
Establish a think tank to develop cutting-edge financial products tailored to our community's needs
Building Strategic Alliances: Amplifying Our Impact
Corporate Partnerships
Forge alliances with Fortune 500 companies to create employment pipelines and business opportunities for members.
Community Organizations
Collaborate with local non-profits to extend financial education and resources to underserved communities.
International Networks
Connect with global organizations focused on economic empowerment to share best practices and expand our reach.
Government Agencies
Work with relevant government bodies to influence policy and secure support for our initiatives.
Embracing Innovation: Fintech Solutions for the Future
1
Mobile Banking App
Develop a custom app for members to manage policies, investments, and financial education
2
Robo-Advisors
Implement AI-driven financial advisors to provide personalized guidance at scale
3
Blockchain Integration
Explore blockchain technology for secure, transparent management of collective funds
4
Predictive Analytics
Utilize advanced analytics to forecast financial trends and optimize member benefits
The Road Ahead: Next Steps and Call to Action
1
Member Feedback
Participate in upcoming surveys and town halls to share your thoughts on the initiative
2
Committee Formation
Volunteer for or nominate peers to join specialized committees driving the initiative forward
3
Educational Preparation
Engage with our new financial literacy resources to prepare for the initiative's rollout
4
Spread the Word
Share this vision with fellow members and encourage their active participation
Become A Sponsor
Join us in our groundbreaking mission to build generational wealth through life insurance within the Omega Psi Phi brotherhood. As a valued sponsor, you'll drive tangible change by supporting financial education, wealth-building initiatives, and sustainable community empowerment programs.
Strategic Sponsorship Opportunities
Position your brand at the forefront of financial innovation and community advancement, with exclusive visibility at national events and leadership forums
Network Access
Engage directly with our influential network of executives, entrepreneurs, and community leaders across diverse industries and regions
Community Impact
Drive measurable change in wealth creation and financial literacy, helping to close the generational wealth gap in underserved communities
Ready to Make an Impact?
Contact our sponsorshiip team today to explore customized sponsorship opportunities that align with your organization's values and objectives. Together, we can create lasting change and strengthen our communities' financial future.
Become a Partner
Powerful Professional Network
Connect with our network of over 20,000 distinguished professionals, including Fortune 500 executives, entrepreneurs, and community leaders, creating valuable business relationships that drive growth.
Exclusive Leadership Forums
Gain privileged access to exclusive events and leadership forums, positioning your organization at the forefront of industry initiatives and thought leadership.
Social Impact & Innovation
Partner in groundbreaking financial education programs and community empowerment initiatives, driving measurable social impact while advancing business objectives.
Embracing Our Legacy, Securing Our Future
Brothers of Omega Psi Phi, we stand at the threshold of a transformative opportunity. The Life Insurance Initiative is not just a financial program; it's a bold step towards realizing the full potential of our brotherhood. By embracing this vision, we honor our past, empower our present, and secure a legacy of prosperity for generations to come.
Let us move forward with the courage, wisdom, and perseverance that have defined our fraternity for over a century. Together, we will build a future of financial strength, community uplift, and lasting impact. The time for action is now. Let's make history, brothers!
Secure Your Legacy, Strengthen Our Brotherhood
Together, we are building a future where financial security and fraternity go hand in hand. Take action today to protect your loved ones, invest in Omega Psi Phi’s legacy, and be part of a movement that turns vision into lasting wealth.
Join Us
Join us in securing your legacy and strengthening the future and be part of a movement that builds wealth for both our brotherhood and your loved ones.
Call to Action
Take the first step toward financial empowerment through our targeted engagement points, connecting you directly with our life insurance initiative.
Schedule Consultation
Book a personalized consultation with our financial advisors to discuss your goals and create a tailored wealth-building strategy.
Contact Us
For more information, contact us at info@omegappli.com and take the next step in securing your legacy and joining our mission.
Mission Statement: Empowering Through Life Insurance Innovation
$5M Inaugural Fund
Our pioneering fund lays the cornerstone for multi-generational wealth creation within our community, managed with precision by 20 Pearls Asset Management Company & Kingsmen Vanguard Group.
Strategic Innovation
We harness the power of premium financing, strategic investments, and endowment contributions to amplify returns and maximize community impact.
Legacy Building
Elite life insurance coverage designed specifically for our brotherhood, with dynamic wealth-building education and one-on-one financial mentorship.
🏆 Seize This Historic Moment: Join the vanguard of change as a Founding Contributor. Connect with Kimberly H. McMorris at Kim@khmassociates.com to begin your legacy journey.
#OmegaPsiPhi #BuildingGenerationalWealth #TheBlackMandate