You are basically insuring yourself against those expenses, which has a premium. If you are good with money and have a savings, you can afford not to pay that premium. Not everyone is in that position or smart enough with money. So many people are bad with money, that stuff really should be taught in school.
No, you are conflating the organization with the phrase. Probably why they picked that name. People oppose the org and their Marxist agenda, not so much (I hope) black people.