When choosing a life insurance or assurance policy in Nigeria, it is important that you get a full knowledge of everything it encompasses.a type of insurance scheme that makes a payment to a specific beneficiary or group of beneficiaries in the case of the policyholder’s demiseSimply put, life insurance creates hope for the living in cases where the policyholder happens to be the sole provider or breadwinner of a family.
A Term Life insurance policy is a life coverage scheme that is open only for a period of time. One good thing about this policy is that as long as the cover is active and running and the insured happens to die within the specified time limit, there is a high possibility of payout. There will be no payout should the insured remain alive when the policy has lapsed.
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