Different Reasons Why You Should Invest in Insurance Policy
Are you still doubting the benefits of health or Life Insurance?
Are you still looking for words of encouragement before going for Insurance?
Are you searching for reasons why you should invest in Insurance?
Investing in insurance gives one the power to send money on an errand and have peace of mind.
The money you insured is usually invested in bonds, Treasury bills, etc and the insurance company is bound by law, again you get interest/bonus and benefits, all these give one peace of mind.
Insure your kid’s education, save for a project say, land or car purchase, etc.
Insurance is very big in the US, my mum is even a broker in the US for a life insurance company. When I heard how much my uncle had when he died, I screamed. They were able to pay his debts and give the wife the remnant.
Lack of insurance policy is one of the reasons a lot of women suffer after the death of their husbands.
Life assurance is one of the most important and best insurance policies to have and interestingly it is cheap, a 5000 naira yearly insurance gives your family 500,000 naira in the event of death, but religious beliefs won’t let Nigerians shine, they believe that once they take insurance, they are signing their death certificate
See Life insurance as a safety net for your loved ones, especially if you are the main source of income. if the unexpected happens, they have funds to fall back on that will help them achieve that dream of education and quality life you had for them. I love my family is not by mouth. Get a life insurance policy and have peace of mind.
Some People are living in the past, when you talk to them about insurance, you hear things like; Insurance doesn’t work in Nigeria or its scam, but, they forget that insurance companies are also “reinsured”
If an insurance company is declared insolvent(bankrupt), the state guaranty association and guaranty fund swing into action. The association will transfer the insurer’s policies to another insurance company or continue providing coverage itself for policyholders.
E.g Access bank taking control of diamond bank..
Meanwhile, the benefits here-in is massive; getting an Insurance policy would lessen your worries about rent, children’s education, fire/burglary, even for the inevitable. I sincerely think most people need to be educated on the importance of insurance.
Please do well to go for an Insurance policy that will suit you; be it Car Insurance, Health Insurance, Life Insurance, Property Insurance, Business Insurance, and other types of Insurance.
You can also insure your kids future and education.