Cornerstone Insurance Insight: Why life insurance matters for financial security
Cornerstone Insurance Plc
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Cornerstone Insurance Plc has urged Nigerians to view life insurance as a broader financial planning tool capable of providing long-term protection, financial stability and opportunities for wealth accumulation, rather than seeing it solely as a payout triggered by death.
The insurer made the submission as part of its ongoing customer education efforts to promote greater awareness of the role life insurance can play in protecting families, managing financial risks and supporting individuals’ long-term financial goals.
Cornerstone Insurance offers a range of life insurance solutions designed to meet different customer needs. One of these is the Cornerstone Life Insurance Plan, a one-year term assurance policy that provides a lump-sum payment to designated beneficiaries if the insured dies within the period of cover.
According to the Managing Director/CEO of Cornerstone Insurance Plc, Mr. Stephen Alangbo, the plan is “designed to protect the livelihood of the insured’s dependents in the event of death within the period of cover.”
He explained that the policy is structured to provide families with financial support at a difficult time, helping them cope with some of the immediate financial consequences that may follow the death of a breadwinner.
The Cornerstone Life Insurance Plan provides cover for a specified period and requires a single upfront premium payment. Its benefits include providing financial support for dependants, helping families manage outstanding debts and meeting funeral-related expenses.
Beyond traditional life protection, Cornerstone Insurance also provides investment-linked life policies, including the Maximum Investment Plan, iSave Plan and Cornerstone Universal Plan.
These products combine life insurance protection with structured savings and investment opportunities, providing customers with options to pursue wealth accumulation while maintaining life cover.
The insurer noted that the most suitable life insurance product depends largely on an individual’s financial circumstances and objectives. While some customers may prioritise straightforward protection, others may prefer plans that combine insurance coverage with savings and investment features.
Through its range of life insurance solutions and customer education initiatives, Cornerstone Insurance continues to promote financial planning, risk management and greater financial security among Nigerians.
For more details, visit any Cornerstone Insurance branch, call 0708 621 6957, or visit www.cornerstone.com.ng to learn more about the Maximum Investment Plan and other innovative products.
