Cornerstone Insurance Insight: Building bright future with Children Education Fund

Cornerstone Insurance Plc has reaffirmed its commitment to financial security and education planning through its Children Education Fund, a tailored savings and protection plan designed to ensure that children’s education remains uninterrupted, even in unforeseen circumstances.

The Managing Director/CEO of Cornerstone Insurance Plc, Mr. Stephen Alangbo, while explaining the cover, said the Children Education Fund is a unique savings plan that enables parents and guardians to set aside funds over a period for the education of their children or dependants.

“In the unfortunate event of the policyholder’s death during the agreed period, Cornerstone Insurance pays the fund balance plus the sum assured to the named beneficiary. However, if the policyholder survives the policy term, they receive their total contributions with accrued interest at maturity,” Alangbo stated.

According to Cornerstone Insurance, the policy also offers additional flexibility and financial support, as it can be used as collateral for loans during the policy period and possesses a cash value that can be accessed subject to policy terms and conditions.

Key Benefits
The policy can be surrendered after at least one year in force.
Policyholders can access loans up to 70% of the fund balance after one year.
The policy can be tendered as collateral with any financial institution.
Offers an attractive interest rate and an annuity option at maturity.

Features
Minimum annual contribution of ₦60,000.
Flexible payment options: Monthly, quarterly, half-yearly, or yearly.
Medical examination, at the insurer’s expense, may be required for underwriting.
Minimum policy term of five years.
Maximum entry age of 50 years.
Death benefit equals future unpaid annual premiums plus the policyholder’s fund balance.

Through this initiative, Cornerstone Insurance continues to strengthen its reputation for reliability and customer-focused innovation, empowering families to secure their children’s academic future while enjoying financial peace of mind.
For more details, interested customers can visit any Cornerstone Insurance branch, call 07086216957, or learn more online at www.cornerstone.com.ng.