Life Insurance Policy Plan To Purchase Which Will Make You Money

Purchasing a life insurance policy is an effective way of ensuring your family's financial protection in your absence.

Among the insurance policies, there are two types of policies- term and life insurance.

For pure insurance coverage, I would recommend you use a term insurance policy. However, if you are looking to make money or earn assured returns from your plan, then you can go for a life insurance savings plan.

Saving plans provide you with the benefit of insurance along with investment. With this plan, you can invest in a disciplined and systematic fashion. These plans help policyholders ensure their family's financial security in difficult situations like disability, critical illness, or death.

 

However, with a myriad of life insurance policy options available in the market, it becomes difficult for individuals to select the one that suits them.

To be on the safe side, it is necessary and important to ensure your cherished life is insured. So that no matter what happens, you have peace of mind and at the same time make money or earn assured returns from your life insurance plan.

 

Hence, if you are in Nigeria and you are deciding to buy a plan, then consider; AIICO Annuity/Retirement Plan

About AIICO Annuity...

AIICO Annuity plan helps you prepare for your retirement. As your retirement age or end of your service years draws closer, you can convert some or your entire pension into an annuity that will give you guaranteed income for the rest of your life. You will get paid regularly like a salary.

There are two AIICO annuity plans to suit your needs. These are:

• Deferred Annuity

This plan encourages self-discipline by saving for a rainy day. You can determine your earnings at retirement and fund them effectively. There is a death benefit of a multiple of 5 times annual earnings payable to your preferred beneficiaries.

• Immediate Annuity

This can be taken if you have a bulk sum and want to receive your earnings immediately. This forestalls the risk of frivolous spending and secures a source of income when one is weak until death. The immediate annuity also includes the option for a spouse to continue receiving 75% of their annuity benefit after the annuitant’s demise.

Why do I need an annuity plan?

An annuity plan is a great way to look forward to retirement with confidence. You save on tax; get regular income which is guaranteed for life.

AIICO annuity offers:

·         Opportunity to save towards a deferred regular annuity

·         Lump sum or annual premium payment can be applied for a deferred regular annuity

·         No medical examination is required

·         Target income at retirement can be flat or increasing at 5% or 10% annually

·         A plan for your retirement is developed

·         Premium payment is flexible - annual or single for a deferred annuity.

·         Guaranteed regular income till death guaranteed for 10 years and thereafter guaranteed for life Flexible Annuity Plan

·         Death benefits are payable if it occurs during and after deferment.

·         Surrender value options available for a deferred annuity after one year

·         Tax relief on contributions to reduce tax liability

·         Annuitant’s life assurance cover option available

 

 

• On the death of the policyholder before the commencement of annuity payment, all premiums paid are refunded with interest compounded of at least 3% per annum.
• On the death of the annuitant, after annuity payment commences, a lump sum of five (5) times the annual annuity at the point of death together with any balance resulting from the guarantee becomes payable.

 

Watch How to make money from life insurance video

 

Would you like to purchase this plan?

Speak to an Agent today on 09062545991.

You may also reach us via email at bonhuj@gmail.com.