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FBNInsurance sensitizes retirees on annuity                                                                                                                                                                                                                   FBNInsurance wins Insurance Company of the Year Award. Val Ojumah is Insurance Man of the Year                                                                                                                                                                                                                                                                                                                                                                                                                                      FBN General Insurance appoints Opadokun as Managing Director.                                                                                                                                                                                                                   FBNInsurance sponsors free Breast and Cervical screening for women.                                                                                                                                                                                                                   FBNInsurance Rewards Outstanding Financial Advisors With Brand New Hyundai Accent                                                                                                                                                                                                                   FBNInsurance widens her retail network with four new offices                                                                                                                                                                                                                   RIMSON inducts Ojumah as Fellow                                                                                                                                                                                                                   FBNInsurance holds 5th Annual General Meeting, declares 19k per share dividend                                                                                                                                                                                                                   FBNInsurance Deploys 3i Infotechs End to End Premia Suite                                                                                                                                                                                                                   FBNInsurance Launches Experiential Auto Insurance Campaign                                                                                                                                                                                                                   FBNInsurance's Profit Grows On Strong Premium Income                                                                                                                                                                                                                   FBNInsurance gets A+ (Agusto) rating up from A in 2015.                                                                                                                                                                                                                   FBNInsurance Wins Global Accolade Yet Again.                                                                                                                                                                                                                   NAIPCO gets N14.5m FBNInsurance Group Family Shield cover                                                                                                                                                                                                                   FBNInsurance Group donates to Down Syndrome Foundation                                                                                                                                                                                                                   FBNInsurance commits to improved service delivery                                                                                                                                                                                                                  

 

Overview

This policy provides cover against the loss of profits or financial loss a company may suffer on the death of a Key employee/senior executive that is critical to the continued existence of the company and whose death or incapacity would create a serious loss to the company. The policy pays a lump sum on death or critical illness of a Keyman during the term of the plan.

Benefits
  • The proceeds could be used to buy out the shares from the deceased shareholder/partner.
  • It provides lump sum payment on death or critical illness of a keyman during the term of the plan.
  • It may be used to ensure that there are funds available to the remaining shareholder/partners, to buy the shares/interest from the deceased's estate
  • May be extended to cover named critical illnesses.
  • You are eligible to take up this plan if you are under the age of 65.
  • It repays the schedule outstanding loan if the assurance is connected to the loan procured by the key person.
 

 

 

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