Is your family protected in your absence…question for many of us?

All of us, whatever our ages, are confident that we will survive to enjoy a better than average span of life and live to a ripe old age. For many, this belief may be vindicated by future events but for others, even if they are currently enjoying the best of health, the unexpected may well happen.

What would be the position of those you left behind should this happen to you? Have you considered how they would be provided for?

Niger Insurance plc in its package for people of all ages noted that unfortunately, people do die prematurely leaving so often in their wake distressed and suffering dependants. Distress is unavoidable but if prudent action has been taken before hand, the suffering can be mitigated.

In the same way, the young people find it almost impossible to imagine that the day will come when they must retire and live on a pension or other savings. Retirement, if carefully planned for, can be the beginning of one of the happiest periods of life, when one then has time enough to do all those things he always wanted to do but never had time for.

The young man who becomes engaged to be married expects an immediate responsibility to ensure that his future wife will be properly provided for in event of his premature death. The young married man has the same responsibility to his wife with the added obligation inherent with the start of a family.

The more mature man has his continuing responsibilities to his family which may be more as time goes on, whilst for all, at whatever age, there must be the desire to ensure a happy retirement at the end of their working days.

So what do you do now? Begin to consider any of these insurance policies depending on what you circumstances are; there is one that will critically position you for the unexpected eventuality.

Whole Life Assurance

Whole life Assurance provides a capital sum payable at death. It is an essential form of life assurance for most prudent members of modern society.

Its attraction, particularly for the younger man, is that with premiums continuing throughout life, it provides the cheapest form of permanent cover.

For those who do not like the ideas of premiums continuing throughout life, it is possible to pay slightly higher premiums for an agreed number of year only, and this had the merit that payments can be arranged to cease about the time the policy-holder’s income can be expected to diminish at the end of his working life.

Endowment Assurance

An Endowment Assurance is the ideal method of providing capital for important even at specified dates in the future. It gives a cash sum if the life assured survives the specified period, and provides excellent life cover if death should occur before the end of the period.

Another to consider according to Niger Insurance is the Children Educational Endowment Assurance. This takes care of the children’s education should you not be there to pay for their school fees. It ensures that their education is not stopped prematurely as a result of death of the parent or parents.