Xpert Consultant

12/05/2024

Life insurance is a financial product that provides a safety net for your loved ones in the event of your passing. By paying regular premiums, you are essentially ensuring that your family will receive a lump sum payment, known as a death benefit, upon your death. This money can be used to cover expenses such as funeral costs, loans, school fees and other financial obligations.

The primary purpose of life insurance is to provide financial protection and peace of mind to your beneficiaries after you are gone. It can help replace your income and ensure that your family can maintain their standard of living even in your absence. Life insurance can also be used to pay off debts/loans, so that your family is not burdened with financial obligations.

In addition to providing financial security, life insurance can also serve as an investment vehicle. Some life insurance policies offer a cash value component that can grow over time and be used as a source of savings or to borrow against. This can provide you with additional financial flexibility and security during your lifetime.

Overall, life insurance is a crucial tool for protecting your loved ones and ensuring their financial stability in the event of your passing. It is important to carefully consider your financial needs and goals when choosing a life insurance policy to ensure that it meets your specific needs and provides the necessary protection for your family.

02/09/2022

Hi all, I’m passionate about my job as an insurance agent. I want to share more about how I help protect families and businesses through my business page. Give it a follow to learn more.

04/05/2022

WHAT YOU NEED TO KNOW ABOUT EDUCATION INSURANCE
A Child Education Insurance policy is a life insurance product specially designed as a saving tool to provide an amount of money when your child reaches the age of entry into a level of education of choice.
The funds financially secure your child’s future education needs even in your absence and it can be used to the cost of education including but not limited to hostel fees, up keep and expenses.
An education plan presents double benefits of insurance protection and savings return both of which are aimed at giving your child a secure future.

An Education policy may be composed of two components;
A. The Savings Component: This allows the policy- holder to save towards a pre-determined amount over a pre-determined period of time which, in addition to all accrued bonuses, can be used to pay for your child’s education.

B. The Protection Component: This works in a way that should the policy holder die within the term of the policy; a benefit is paid to the beneficiary for the purpose of educating the child.
Who should buy an education insurance policy?
Any parent, prospective parent, guardian or even a grandparent can buy an education insurance policy for their children.
The policyholder is the parent or guardian while the child is the beneficiary of the policy.
All parents or guardians who value the future prospects of their children should consider buying education insurance as a way of securing their children’s future.

What is the Policy Duration?
The policy duration depends on what the expected time to the targeted level of education that the policy is being planned for.
The policy-holder is at liberty to choose the period in which they would like to be insured which is usually between 5-25 years for most policies.
It is important to note that education policies are long-term in nature and typically last between 5-25 years. This therefore means that you need to financially keep up with the premium payments over the policy period to guarantee securing your
child ‘s education without losing your contributions due to non-payment of premiums.

Why You Need an Educational Insurance Policy?
a. High cost of Education: it is no secret that education is expensive and this is certainly not about to change anytime soon. If anything, the cost is more likely to increase in future along with the rising cost of living. So, parents need to start right away in order to relieve the burden knowing that their children will be well taken care of even after you are gone.
b. Uncertainties of Life: Life often happens, from illnesses, disability to death. Many times, we expect everything would go well, but things do not always go as we have planned. Because of life ‘s uncertainties, it is important that you safeguard the future of your child using insurance.
c. The ability to provide your child with the type of education they need: As a parent, you may wish for your child to take up professional but expensive courses for example; medicine, architecture, engineering or law or may be your child may have the desire to study abroad, this is when education insurance becomes a saving grace and acts as a buffer for the cost at the time.

Benefits of buying an Education Insurance Policy
1)- Safeguards your child’s future even after your untimely demise.
2)- Some policies may offer a perfect blend of investment and savings in a single plan
3)- Provides financial security during the most crucial years of your child’s life.
4)- Encourages disciplined, long term savings culture.
5)- An education insurance plan gives you peace of mind knowing that your child’s
next level of education is taken care of.

Tips to consider when choosing to buy an Education policy
1)- Consider the quality and type of education that which school you would like your child to attend from the time they are born.
2)- Consider an education plan that will fund such level and quality of education and seek guidance from your insurance provider.

For more information, please contact me via;
[email protected]
[email protected]
0789069206 / 0704907826
Tweeter

26/04/2022

WHAT IS LIFE INSURANCE?
Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies or a maturity value at the end of policy term, other factors such as Permanent Total disability and critical illness can trigger payment, in exchange for the premiums paid by the policyholder during their lifetime.

25/04/2022

What Is TOTO Education Plan ?
An education insurance policy is a type of life insurance that allows you to save towards your child’s education. The plan enables you to set aside a given amount every so often; monthly, quarterly or annually for a specified period of time so that you have sufficient funds to invest in the quality of education you desire for your child.
An education insurance policy also has a protection component that pays out the amount you intend to pay to your nominated beneficiaries in the unfortunate event of your demise, so that the education dreams you have for them continue uninterrupted. At ICEA LION, we refer to this product as TOTO Education Plan.
What Are Some Of The Factors To Consider When Purchasing Education Insurance?
1. The type of school you want for your child: Public or Private
2. What curriculum you want for your child: Local or International
3. The amount you are able to set aside periodically; this is known as premium depends on the future cost of education determined by your preferred calibre of institution and inflation.
4. The duration between when you start paying and when you want the insurance policy to start paying you that is either at primary, secondary or tertiary levels. This also depends on the education system you have enrolled your child in. Our education policy allows for a minimum of five (5) years and a maximum of twenty-one (21) years.
Helpful Tips
We understand it may be challenging to figure out what works for you and your vision for your child. You can decide how much you want to be insured for and we will calculate the premium for you. Alternatively, you can decide how much and how frequently you want to pay and we will advise you on the resulting Sum Assured.

29/03/2022

25/09/2021

I saw a message attached to this photo and thought it was very powerful. I will rephrase it in this way.

This is a car, covered in mud and dirt. The driver understands that he is driving in a muddy environment. He does not stop to first clean the rest of the car. He simply ensures that the windscreen is clean and clear as he drives ahead.

This in many ways represents our pursuits in life- be in the struggle we are involved in, or any other venture.

Will life throw mud at you? Most definitely!

Will people throw dirt all over you? Hell yeah!

Will challenges and tribulations come your way? Assuredly!

Are there people who will brand you, malign you and throw all manner of profanities at you? As sure as day follows night!

Question is, what do you do when this happens? Your attitude will determine your altitude. Your response will determine whether you sink or swim. Whether you fly or collapse!

KEEP YOUR VISION CLEAR. As the mud comes in from all sides, keep your focus on the journey. Do not turn to the left or to the right - keep looking ahead. Let everything else be covered in mud but not your eyesight.

There is nothing that assists the enemy like seeing you stop everytime to concentrate on the dirt he is throwing at you. In the first place, that is his intention. Conversely, nothing destroys the enemy more than seeing you remain focused on the cause and the course despite all the mud they throw at you. That is the only way you can make it to your destination. May God help all of us to keep the vision, keep our focus on the bigger picture and keep the faith!