SAFEGUARD  YOUR CHILD's EDUCATION TODAY

As a parent, a bright future is the ultimate gift you can give your child. The financial demands of your child's education are constatly on the increase year after year, making sure you are prepared could mean alot to them now, and in the future.

Each step is a journey, we've highlighted below some of the financial costs involved in your child's education.

Education Plan

At ARM Life, our Education Plan is designed to safeguard the education of your child.

It guarantees that in the untimely demise of the parent(s) or Legal Guardian of the Child, the payment of the school fees is guaranteed and secure

It further guarantees the payment of the school fees should the parent(s) or guardians suffer Total Permanent Disability or Critical Illness

This product is both an Education Cash Accumulation Plan and a Protection Plan

Product Architecture:

Entry Age

• 18 years to 55 years

Policy Term

• Minimum Term: 5 years Maximum Term: 20 years
• Minimum Annual Contribution: N60,000

Minimum and Maximum Sum Assured

• Minimum Sum Assured: N 500,000;
• Maximum Sum Assured – freedom to choose at least four times the annual chosen contribution.

Payment Mode

• Cheque, Direct Debit, , Online, ATM and Bank Branch Transfer. .No cash payments allowed.

Payment Plan

• Monthly, Quarterly, Half Yearly, Yearly

Benefits

• Death Benefit:  Immediate payment of Sum Assured to beneficiaries.
• Permanent Disability: Immediate payment of Sum Assured to Policy holder
• Double Accident: Immediate payment of twice sum assured where death occurs by accident
• Critical illness:  Payment of Sum Assured to policyholder
• Maturity Benefit: Release of total savings plus accumulated interest (i.e. account balance) at the end of policy term
• Family Income: Conversion of the sum assured into income to support the family over a defined period
• Guaranteed Returns: Fixed interest on savings linked to Treasury Bills. In this way, you are certain of the growth of your contributions

Annual Contribution              Guaranteed Interest       

N60,000 to N120,000      Treasury Bills Rate minus 5.5%

N120,001 to N250,000    Treasury Bills Rate minus 4.5%

N250,001 and above        Treasury Bills Rate minus 3.5%

Tax: Life Premium is tax deductible, Sum assured is tax exempt

Policy Surrender: Policy can be surrendered after three (3) years at no charge