Kindly leave a comment and share
Chuks Udo Okonta
Many groups and associations are giving succour to families of deceased members through group insurance platform.
With this, members of a group or association are freed from the burden of regular financial contributions when a member dies.
Under the group insurance policy, members of the group only pay an annual premium that is determined by their insurer to enjoy the benefits.
What to do
* Associations and groups should sell the idea of group life insurance to members.
* They should contact a reputable life insurance company.
* All necessary facts should be presented to the insurance company.
Benefits of the scheme
* Saves funds for members
* Get over N1 million for beneficiaries of deceased members.
* Provide financial succour for families of deceased members.
* Helps family members of a deceased member to attend to imitate needs.
Insurance remains the best instrument for risk management, embrace it today.
