Life insurance is the simplest way to plan for the future.
Having a policy in place adds value to your life, provides financial stability and protects your loved ones after your death.
The benefits of having a policy all depends on your specific situation. If you have a family who relies on your income, then it’s imperative to have a life insurance protection. Your beneficiaries can use the funds from a life insurance policy to continue living a normal life and to help cover cost such as: rent/ mortgage, food, utility and education.
Purchasing a policy that builds cash value creates a source of cash if you need to access funds from your Life insurance policy during your lifetime.
The cost and availability of Life insurance depends on factors such as: age, health, type of coverage and the amount of insurance purchased.
Visit any of our NAGICO Life Representatives or our NAGICO Life offices and we will advise you and ensure that your specific needs are addressed thus providing you with that peace of mind that your family will be protected.
Level Term
A Level Term Policy is an affordable life insurance required by lending institutions as collateral assignment for a loan or a mortgage to protect repayment. The loan may be a home loan, a personal loan or a business loan.
Benefits of this policy include:
Endowment Policy
This policy allows you to save for a certain goal; for example, travel around the world or retirement. It offers life insurance coverage, a cash value component or a payout when the policy reaches its maturity. Coverage terms offered is 20 years, Endowment to Age 60 or Endowment to Age 65.
Benefits of this policy include:
Education Savings
The cost of education is steadily increasing while the value of government funding in this respect is contracting. For those of you with young children this may be a concern; but NAGICO’s Education Policy is your solution. Our Education Policy is especially designed to cover the future costs of education for your child(ren). The younger the child, the more you benefit from this policy. Premium is payable for the entire policy term.
Special 60+ Level Term policy
Designed for clients 60 years and over. Is an affordable Life insurance product required by lending institutions as collateral assignment for a loan or a mortgage to protect repayment.
Benefits of this policy include:
Whole-Life Policy
A Whole Life Policy is permanent life insurance with both insurance and a cash value component. This product is usually purchased for the beneficiaries’ benefit. The Insured may surrender the policy or borrow based on the cash value.
Benefits of this policy include:
