A life insurance can serve as a great asset and value to a beneficiary who is often a loved one. He is the one who is to receive the claim amount and other benefits upon the death of the benefactor. It can serve as a legacy as it is like a build-up capital that gains […]
Life Insurance
Cost of Life Insurance In Nigeria
Life insurance is a great insurance instrument to make sure our loved ones can financially survive should the unexpected happen, and life is lost. For many who aren’t independently wealthy, the proceeds from a life insurance policy are crucial to ensure our loved ones maintain their current standard of living. If you are looking to […]
10 Things To Consider Before Buying Life Insurance
One crucial financial decision you can make is purchasing life insurance. One advantage of insurance is the financial protection that it offers when worst-case scenarios happen. Many individuals subscribe to insurance policies in a hurry without understanding their needs. You can avoid making poor decisions when it comes to life insurance. In the paragraphs that […]
How To Buy Life Insurance Easily In Nigeria
The benefit of a life insurance policy and the financial peace of mind it provides cannot be overstated. Among the advantages of having life insurance include. A financial preparedness in emergencies, a means of income after retirement and support for loved ones after death. If you’ve never bought life insurance, getting one can be confusing. […]
Is Term Life Insurance a Good Investment?
There are different kinds of life insurance policies that meet the different needs of people. Term life insurance is the most common life insurance. It is also known as pure life insurance. It guarantees payment of sum assured to the beneficiaries of the insured during the specified term. If the options are available, a policyholder […]
What is Life Insurance, and Why Do You Need One?
People lose their life savings; accidents happen, people die prematurely and, if you happen to be the sole breadwinner in the family and have any of these experiences, they could have devastating consequences for your loved ones. The worst-case scenario is that your loved ones may no longer maintain their standard of living.
Life Insurance Rates in Nigeria
How much does Life Insurance cost? What is the rate plan of Life Insurance in Nigeria? I bet a few of you have these questions and more on your very puzzled minds. Like you, I too like to know the price of something before I venture to actually buy it. Perhaps that’s why I’m always […]
All You Need To Know About Group Life Insurance
What is Group Life Insurance Policy? Group Life Insurance is a company scheme for a group of people. In Nigeria, this life insurance is compulsory by law. Basically, it caters to these groups to take out a policy for a minimum of 3x the total employee annual salary. The group of people is usually not […]
Guide to Life Insurance: Meaning and Types of a Life Insurance Policy
Life insurance policy is a contractual agreement between a policyholder and an insurance company. The insurance company is the insurer who promises to pay an appointed beneficiary a sum of money, upon the death of the policyholder. The policyholder in exchange for this service pays a premium. Life Insurance Policy Types The life insurance policies […]
Sum Assured – Meaning and how to calculate it
Life encompasses several uncertainties. One of the most prominent and inevitable uncertainties of life is death. We often refer it to as a debt owed by every living being, hence no one can escape it. Having this in mind, it is important to provide for and prepare ahead of the unexpected. In view of the […]