Heirs Life Assurance urges Lagos employees to adopt annuities for retirement

Heirs Life Assurance (HILA) has charged employees of the Lagos State Government to adopt annuity plans as a pension-regulated option that pays a stream of regular income throughout one’s retirement life.

Niyi Onifade, the managing director of Heirs Life Assurance (HLA), gave the charge at the recently concluded Retirement Readiness Workshop organised by the Nigerian Insurers Association (NIA) at the Lagos State Secretariat, Alausa, Ikeja.

Speaking on the topic “Annuities: What They Are, The Types, How They Work,” Onifade emphasised the significance of subscribing to holistic retirement planning that provides financial backing throughout life for peace of mind and a comfortable future.

He also stressed the necessity of being prepared for retirement, while sharing Annuity options available to retirees.

He said, “At Heirs Life Assurance, we recognise the need for individuals to secure their financial future and we believe that our Heirs Life Annuity Plan offers a robust solution that aligns with your retirement goals.”

The NIA Retirement Readiness Workshop provided a platform for intending retirees to enhance their knowledge and better prepare for retirement.

The Heirs Life Annuity Plan is designed to provide individuals with a steady stream of income during retirement, ensuring financial security and peace of mind. With flexible options tailored to meet diverse needs, the plan offers a reliable solution for retirees seeking financial stability in their post-working years.

Heirs Life Assurance Limited (HLA) is a specialist life insurance company that is challenging traditional insurance with 21st-century digital tools and technology to provide simple, quick, reliable, and accessible financial security plans to individuals and businesses.

Heirs Life Assurance is a subsidiary of Heirs Holdings, a pan-African investment group with a presence in 24 countries across four continents.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.