Whole Life Assurance
We all do not live forever. And with the Whole Life plan, Heirs Life will pay your family a pre-agreed lump sum of money upon your demise. This way, your loved ones get the financial support to live the life you want for them.
The Whole Life plan is valid for a lift time and will only be terminated whenever there is loss of life. With this plan, there is 100% guarantee that your family will inherit an amount from you whenever the inevitable happens.
There are two variants of the Whole Life plan: Limited Whole Life plan where you stop paying a premium after an agreed number of years and the Unlimited Whole Life plan where you pay a premium throughout life.
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Perfect for: Parents, grandparents and guardians
- Cover the child's future expenses
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Whole Life Assurance
Product Details:
For: Breadwinners and anyone with families, who wants to leave a tax-free inheritance for their loved ones.
- Open to Ages: 18-60 years.
- Cost of Insurance: Based on your age and the amount you want to be inherited by your beneficiary.
- Policy Duration: Valid for a lifetime.
- Waiting period: 6 months (Accidental claims can be made anytime).
- Financial support to beneficiary: Depending on the sum assured.
- Payment Frequency: Annually.
- The Plan terminates only if: there is a loss of life.
- Surrender Value: Can be surrendered after 2 years.
- Premium options: Limited (where you stop paying a premium at 45, 50, 55, or 60 years) or Unlimited (where you pay throughout life).
Note: Cover continues until death. This applied to both limited and unlimited premium options.
FAQs
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Authorized and Regulated by the National Insurance Commission, RIC NO. 093
Heirs Towers, 107b, Ajose Adeogun Street, Victoria Island, Lagos, Nigeria