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The Federal Government of Nigeria introduced a guideline under the Pension Reform Act of 2004 that made it compulsory for employers to purchase life insurance for employees. The objective of this reform is to establish a uniform set of rules,…
In the process of clarifying the various life insurance policy types that are most popular, it is important to note first that life insurance is a contract between an insured person (the insurance policy holder) and an insurer (an insurance…
When it comes to life insurance, we all have our questions. To start with, do you really need life insurance? And if so, how much life insurance do you need, and what plan/type is most appropriate for you? Well, as…
If your learning all about life insurance, you’ve probably noticed there are a lot of policy options, benefits and components. Life insurance is a policy that will help your family survive financially in the event of your death. It’s a…
Having life insurance is a wise financial choice, but determining what type of policy you need can be daunting. Some couples consider a joint life insurance policy because it simplifies the process and ensures two people under one policy. Here’s…
General life insurance is beneficial to protect the future of your family. But, there are many other benefits aside from the obvious death coverage benefit. Here are some additional paybacks of having a general life insurance policy. Cover Unexpected Expenses…
The life insurance definition includes numerous elements that pertain to protecting the financial future of your family or loved ones. In the event of your death, a life insurance policy can create monetary stability for your beneficiaries, but it can…
A life insurance calculator can be an essential guide in determining how much life insurance to purchase in order to cover your family’s expenses in the event of your death. There are many aspects that play a part in the…
You’ve made a savvy decision to secure the financial future of your family with a life insurance policy. So, getting good life insurance quotes is the first step to success. Here are a few steps to follow when looking for…