When you hear of Insurance, what comes to your mind first? A good deal or not so good one?.However, it is significant to point that what can secure one from potential financial losses should be for you. So put in mind that the best time and best insurance package will depend on what you are expecting to bring about at the end of the stipulated time.
However, the right insurance package makes this choice easy as one can foresee the eventual compensation for a specified loss or payment. With specific reference to Nigeria, this is the ideal guide for you!
The Five Insurance Packages to Consider
in peace of mind, we find beauty. Thinking of safeguarding the people who rely on you financially, think life insurance.
Either for your spouse, your children or anyone in particular, life insurance acts as a strategic financial tool that lifts the unseen burdens and workable ones like burial costs. Imagine if most Nigerians who have passed on and left their family in penury had thought of life insurance, maybe the lives of those who had the silver spoon wouldn’t be a tragedy.
If this is your option, you must analyse your financial situation – how much you earn per annum and determine the life that will replace the needs of the surviving beneficiaries. The life insurance agent will issue to you the right insurance packaging
This is one of the most popular packages in Nigeria. It has to be because health is a dire issue that should be taken seriously. The high cost of health care in Nigeria is appalling, access to good facilities holds its different tale, the surgical bills are not inexpensive but we still consider health as wealth.
Since it is near impossible to curb a serious health issue from occurring, getting a health insurance package that covers your medical bill is a good choice. It guarantees you utmost access to the different health care facilities with the ease of relief attached to it.
Also Read: Understanding your health Insurance Costs (Video)
There are however misconceptions gathered by nonusers as they speculate that one has to be sickly all the time to harness its benefits. However, this option is for you if you need help to cover your medical expenses and also get necessary care anytime you want.
Long Term Disability Insurance
We know Nigerians in known to be very optimistic and confident about tomorrow, maybe due to religion or personal faith, you can’t take the Naija feel from us. However, life happens in ways one did not plan for and one can not ignore it.
Here, the insurance package serve as means to protect one from the loss of income if one can no longer continue working for accident, illness or injury. For a long period, one can comfortably continue his or her financial lifestyle he/she has maintained successfully.
This insurance is necessary for all car owners. In Nigeria, law requires it. One looming question regarding car accidents is what would happen if one has an accident. Who will pay the exorbitant unexpectant costs? Having a vehicle insurance package puts one in the safe side as it covers the risks involved.