Life insurance is an important component to smart, proactive, and overall solid financial planning. Unfortunately, many today believe life insurance helps only in the event of a death, or that it is only appropriate for people in later stages of life.
Including life insurance in your investment portfolio for example, is one away to safe guard your wealth and investments from life events but also prepare you for uncertainties that would then drastically reduce or even wipe out all your savings.
For example, Marriage ceremonies, children’s entry into higher education, giving birth, financial loss, death of a loved one or permanent disability.
Plan For Your Children's Education
We all need to save for a better tomorrow. We save for a variety of reasons, for children’s education, for deposits on future mortgages, for retirement, indeed, for many personal and family needs which can’t be met immediately on our current incomes. Also, life is full of uncertainties. Misfortune can strike any time. If it does, your family May be exposed to hardships, and your property may be put at risk. Insurance combines life cover with investment. The sum assured plus the accrued bonuses are paid at the maturity of the policy, or on earlier death.
Insurance can help you to plan for your children’s smooth entry at every education level. The benefits to the policy are paid in 3 instalments during the term of the policy, enabling the policy holder to address any financial challenges that may arise during the policy term.
You can choose the Term of the policy and the sum assured best suited to your circumstances, and we shall Advise you of the cost.