We live in an ever changing environment complete with its’ attendant risks and opportunities. Rapidly decreasing real wages due to inflation and currency depreciation over the past year, high cost of living, increase in crime rates, and increasing death rates due to road accidents, epidemics and now terrorism. It has become imperative for us as individuals to take charge of our finances and protect our future.
We don’t like to talk about death in this part of the world, but let’s face it, death is real, even our favorite t.v series Game of Thrones confirms this with the saying [i[b]]Valar Morghulis[/i][/b] meaning “All men must die”. The real question is How prepared are you for it?
Let me ask this simple question, If Death knocks today, Are your total assets as at today enough to take care of your dependents till they become independent? If your answer is Yes, then maybe you don’t need life insurance, but if No, then why leave their future to chance?
Many families have their dreams shattered simply because there was no support after the death of the breadwinner. Life insurance would have provided that support if the breadwinner had one.
The standard of living in most countries ties with the level of insurance it's citizens have.
Over the next few days, I will be sharing the different types of life insurance available, their benefits and risks.
So share your thoughts

opendo21:
We live in an ever changing environment complete with its’ attendant risks and opportunities. Rapidly decreasing real wages due to inflation and currency depreciation over the past year, high cost of living, increase in crime rates, and increasing death rates due to road accidents, epidemics and now terrorism. It has become imperative for us as individuals to take charge of our finances and protect our future.
We don’t like to talk about death in this part of the world, but let’s face it, death is real, even our favorite t.v series Game of Thrones confirms this with the saying [i[b]]Valar Morghulis[/i][/b] meaning “All men must die”. The real question is How prepared are you for it?
Let me ask this simple question, If Death knocks today, Are your total assets as at today enough to take care of your dependents till they become independent? If your answer is Yes, then maybe you don’t need life insurance, but if No, then why leave their future to chance?
Many families have their dreams shattered simply because there was no support after the death of the breadwinner. Life insurance would have provided that support if the breadwinner had one.
The standard of living in most countries ties with the level of insurance it's citizens have.
Over the next few days, I will be sharing the different types of life insurance available, their benefits and risks.
So share your thoughts

Insurance bullshit my ass! U better look for a good business to do than enslaving itself for one insurance firm.

The key function of insurance is for protection against uncertainty. The insurance company takes ownership of the risks you face, either personal or business risks and indemnifies you in the event of any loss. The principle of indemnity is to try and restore you to your financial position prior to the loss event. The insurance company also protects itself from huge claims through reinsurance. Huge claims can occur on the occurrence of a single event like the Benue flood if many people had taken policies like household contents Insurance or property damage, Farmers would have protected the value of their crops if they had agricultural insurance

You can also throw in your questions on any issue about insurance. Please note that I am not a financial advisor or marketer. This is just my way of enlightening Nigerians. I understand that the industry has had it's issues in time past but times are changing. New investors are coming in and running things efficiently and ethically. There is a renewed hope and confidence now and insurers are better informed about the risks they face from perils of product they bring to the market. People need to see insurance as a way of transferring wealth to the next generation.

Thanks for this useful information. I don't have health insurance, but I understand how important it is to have it. I've already started looking for the info about different insurance plans and came across this site https://extendedhealthcanada.ca where I can apply additional filters and find the plan which suits my needs and budget. And I think that everyone should have health insurance to protect themselves from different situations and extra expenses.

Can't trust these resources, are they worthy!? Why can't I see all options on website to calculate everything without too much of talking here!?

WooodSI:
Can't trust these resources, are they worthy!? Why can't I see all options on website to calculate everything without too much of talking here!?

Well, maybe because there are many “workers” from such firms that use forums for advertisements and are posting some crap things to hook others. Check this 5 million dollar life insurance policy , my relatives work there. Website is simple and almost everything needed is on the main page for you to analyze and have better understanding for your questions. Plus, there is a calculator that will give a clear image about the costs. If you have additional questions, please call them, and they will answer everything regarding the theme very kindly. Wish you luck.