NOTICE OF THE 50TH ANNUAL GENERAL MEETING OF AFRICAN ALLIANCE INSURANCE – LIFE INSURANCE COMPANY IN NIGERIA
Posted on: 22nd Nov 2019
Posted on: 22nd Nov 2019
Posted on: 25th Oct 2019
#SecureYourFoerver #BeyondSavings with African Alliance Insurance Money Appreciation Plan (MAP)
What are your dreams?
Travel the world? Get the best travel tours like these Argentina guided tours? To have a Great Destination Wedding?
To start a new business? Should I use screening software when hiring employees? Send your children to a reputable school?
Gift yourself a car or try to look for a car dealer that is selling 1968 Mustang fastback. You may also want to get one of those car sun shades?
Many would agree that carrying big dreams in our hearts and then bringing them to life can bring so much self-satisfaction and fulfilment. In fact, it is an essential part of fully living.
Do you need money to fund your dreams? Here are 5 smart tips to help you:
1. Determine How Much You Need To Secure Your Dreams.
Identifying how much money is needed to bring your dream to life is one of the most important steps required to achieve success. Thoroughly analyze and settle for what you may need on this new journey. Now pen down the total figure required to bring this dream to life. It’s also then possible to easily buy a liquor store using a broker, have a look at a listing like https://trufortebusinessgroup.com/liquor-stores-for-sale-in-florida/ for some great options.
2. Analyze Your Income And Your Expense.
You probably know how much you earn each month – but do you also know where it all goes?
Write down a list of where your income comes from and how much you earn from each. Next, track down where you spend all your earnings. This can be done manually with a pen and paper or with an App that can help you track your monthly expense. Company incorporation services singapore– CFO Accounts Services can help if incorporation is the next step for your company.
3. Identify Your Need From Your Wants.
Now that you know how much money comes in and how much money goes out, it will be good to ask yourself these pertinent questions: Am I spending more than I earn? Do I want this or do I need it? Will spending this money get me closer to securing my dreams or further away? Can I live without it?
Set clear priorities for yourself and cut out your excess spending.
4. Start Saving.
After you must have cut down on your excess spending, it is now time to save. Riding a bike can help you save. If you are looking for a folding ebike then there are some great deals available from Wisper Electric Bikes. Set a savings goal. Agree on an amount to put aside every time you receive your earnings. This amount must be quite relatable to the goal set.
5. Invest
Now that you have successfully started a lifestyle that will help you fund your dream, it is time to invest. Get an investment plan that is reliable and secure. The African Alliance “Money Appreciation Plan” offers a good savings plan and a Life Insurance Cover.
The best part of the plan is that you get to receive 30% of your guaranteed sum at each one-third of the duration to fund your big dream.
Do you have a dream? Let’s help you live your dream while ensuring you stay #OnCheck with the leading Life Insurance Company In Nigeria, African Alliance Insurance PLC.
Click here to read more about African Alliance Insurance “Money Appreciation Plan” MAP
Posted on: 22nd Jul 2019
The reason a diverse number of insurance policies exist is simply that different policies attend to the varying needs of the people who purchase them. Your personal reason for purchasing a particular life insurance policy may be closely related but still quite different from why the next man or woman would want to purchase one for themselves. In the same vein, when people decide to replace their insurance policies, they usually have different reasons for doing so as well.
In this article, we’re going to explore four (4) reasons why people often decide to replace their life insurance policies. We have established that people basically do things for their own unique and personal reasons. However, what we want to achieve with this article is to highlight and discuss just a few of the popular/common reasons why people usually change or replace their policies. In doing so, our aim is also to get you informed concerning policy replacement. As we point out instances, circumstances or reasons why people replace their insurance policies, we believe that this information will be beneficial to you so that you too would be able to identify when you can replace, update or change yours.
That being said, here are four (4) common reasons why people typically replace their life insurance policies. They include;
This has to be one of the first and foremost reasons why people replace their life insurance policy. It’s a no-brainer. If something as valuable as life insurance expires, the natural thing to do would be to either renew it when its validity runs out or replace it.
If you desire a replacement coverage perhaps because your needs have changed. Then take your time and pick up a policy that best suits your needs. This may take a short time or it may take a while, nonetheless, we advise that you do not stay without life insurance for too long especially when you have dependents. If for some reason replacing your life insurance policy with one that is perfect for your current needs is going to take a while, we suggest that you subscribe to a small policy preferably one with “no exam” needed just to be in the clear.
Another reason people often seek to replace their life insurance policies is due to a change in their financial status. Note that this particular reason goes both ways as a change in finances can either be for the better or the opposite.
For someone who’s experiencing a drop in finances so much that he or she is not able to keep up with his or her current premiums (too expensive at the moment), they may decide to replace their policy with a much cheaper one. If the policy has conversion riders that allow it to switch easily to another policy that’ll be splendid. However, if this is not the case, one may need to terminate and re-subscribe.
On the other hand, for someone who is retiring or retired and is blessed with grown-up kids and lesser financial responsibilities, he or she may decide to replace their policies for one that helps them build up assets or create estates/trusts.
People start to get uncomfortable when their current life insurance policy does not give them sufficient coverage and who wouldn’t!?! If your policy can no longer cater to all your needs, then you might want to replace it. Typically, life insurance policies usually have provision for supplemental coverage.
This means that you can most likely get additional coverage to attend to your needs. If your policy is that of a term life insurance, getting one or more additional term life insurance policies works just fine. It’s called “layering”. Note that this also works for permanent life insurance policies. The crucial thing to note here is when expanding your policy like this, remember to meticulously take into account your needs that may arise in a not so distant time from now.
Lastly, a major reason why people replace their life insurance policies is due to new developments in their life. If your lifestyle switches up, it is only logical to switch up your insurance policy by replacing it with a policy that best complements your current life situation.
These new life developments can be anything from having a new baby or more to a new promotion or even just getting married. These unique circumstances automatically change your lifestyle and of course, your policy needs. Therefore, finding a replacement that suits you only makes sense. On the other hand, you can send these new baby cookies here to show your love and support to the new parent that you love as they enjoy having a new baby.
People would replace their life insurance policies when they have a reason to. These reasons vary as we can see and the need to replace your life Insurance policy may come up more often than you’d think. It’s best to get ready and start thinking ahead so that you’re not left unprepared for what the future holds.
Posted on: 21st Jun 2019
Life is in stages and in due time, we all graduate from one to another. There is no official age to arrive at each stage as it is unique for every one of us. Hence, from the time you do decide to get married and start a family, your life begins to transcend from one stage to another. In the beginning, it’s you and your spouse against the world but as time passes, your family of two is bound to grow into a family of more.
We have to talk about your family (wife/husband and kids) simply because we understand that they’re the most important people in the world to you. Your role in your family demands that you be a lot of things, in addition to being a caregiver, emotional support system and so on, you are also most likely the (or a) financial pillar in your household. Your family relies on you to cater to their needs (especially financially) and if for some reason you were no longer able to provide for them, chances are that they’d have to go through major struggles to bounce back.
Your family shouldn’t have to go through such terrible times when you can simply take out a life insurance plan that is capable of seeing to their financial needs for a reasonable amount of time even after your demise.
Life Insurance for Families.
The most straightforward type of insurance one can purchase with his or her family in mind is term life insurance. This can be for a term spanning 1-30 years.
Term Life Insurance.
For a specified number of years you pay premiums lodged into the framework of your policy which acts as a financial safety net in the event of your death and this what is referred to as term life. If the inevitable happens and you do pass away, your death benefits go to your entire family. A family policy term life insurance caters to all registered members of the family.
Note also that this policy can usually accommodate two adults (that is you and your spouse). This means that if you or your spouse passes, your family gets a payout from your life insurance policy. This type of family-oriented policy is usually cheaper in premiums because there is only one payout whether both parents die at the same time or not.
Policy Riders.
What are policy riders? These can be said to be little policies that introduce unique and strong clauses to the main policy being purchased. There are a few policy riders that you can purchase in addition to a family insurance policy. Some of them include;
This rider allows you to take on coverage for each child in your family with the added advantage of providing coverage for your kids yet unborn.
This policy is so important because while you may not be dead, you can easily get disabled by a mishap and not be able to provide for your family. In the event that this happens, all future premiums are waived with the policy still valid and in effect for the entirety of the term should this disability become permanent.You can find attorney to claim compensation for disability incurred. If it is denied in lower court, then you can also find an attorney who can help you in appealing a denied claim.
Statistics reveal that 7 out of 10 families struggle to pay bills, debts and attend to a lot other financial related commitments after the breadwinner of the family dies. Do your family a favor and get yourself an insurance plan that benefits your entire family. The Money Appreciation plan by African Alliance is also one to look into as this provides you with a viable form of investment. As the name suggests, your money appreciates in this plan with a unique addition of a life insurance cover. Find out more on our website; www.africanallianceplc.com
Posted on: 12th Feb 2019
Everyone right now who is coupled up either by the virtue of being married or just in a relationship, is practically in a utopia where everything smells like, looks like and even tastes like love. Their entire being is focused on assembling all the love they can produce, ready to shower it on their partners. On the other hand, there is the group preparing to receive this show of love, or rather, this grandiose and elaborate show of affection (and we’re referring to both men and women, as this goes both ways and that we can assure you). The love scenarios will play out endlessly for the next couple of days (perhaps for the rest of the month) and it will be all thanks to the Valentine season.
After all, is said and done, we can only help but reflect on these simple yet true words; “how can you love another, if you don’t first love yourself?” The truth of the matter is that it is technically impossible. Anyone that doesn’t exercise what is termed “self-love” will find it a bit challenging to love someone else. You must first love yourself and what better way to do so than in the area of your finances.
So, the question here is how can you show yourself some financial love?
Everybody’s getting chocolate and sweets and flowers and all that lovey-dovey stuff, but you can get one better. How? By setting up a savings plan. This can be done however you choose, as long as you’re saving and it starts now.
Whether it’s opening a dedicated savings account, or talking to your account officer to do one of those electronic account set-ups where a portion of your income goes directly into a reserved savings account, just get it done and gift yourself something special this season.
One of the best financial gifts you can give yourself is to make an expense budget and stick to it. In the long run, you would’ve found a way to save money and if that doesn’t make you happy we don’t know what will (perhaps, saving more money).
Creating a budget helps you cut down unnecessary spending. Take this Valentine season, for example, you might be tempted this period to do a lot of impulse-buying. Anything that has a love shape on it or just looks really red and you might be tempted to pull out the wallet or bag and swipe the ATM card. Don’t do it, make a budget and follow it religiously.
This is the time to start making wise investments. This is the kind of Valentine gift whose value will peak in the long run. Don’t think of right now, but instead think of the future. See Investments made this season as a gift for a Valentine in the future.
If you really want to show yourself some love this season, think of the ones you love and how much they mean to you. When you’re able to see this picture clearly, you’d know that taking out a life insurance plan will determine what happens to them when you’re no more. Give them the Valentine gift of a lifetime.
Note also that, some insurance companies (African Alliance for example), also have saving plans intertwined nicely with life covers attached.
In fact, there are many ways to show yourself some self-love, but even in this season of Valentine, some people would prefer a financial upgrade to gifts and grand expressions. Many would take some money or the assurance of one, over a cardboard box wrapped with a bow.
Posted on: 21st Jan 2019
One of the very first lessons you learn before going into a business of any kind is that of the risks involved. The risk of doing business varies depending on the type of business you choose to go into. However, one thing seems to be quite consistent when doing just about any kind of business, and that is the inevitable possibility of running into debts. In navigating these financial challenges, it’s crucial to consider nav business credit cards as they can offer valuable solutions for managing expenses and optimizing cash flow. You may also use the services of a debt consolidation company to help you effectively manage or reduce business debts.
Nevertheless, for every problem, we like to think that if you search hard enough, there is always a solution lurking. So what is the panacea to this fiasco? How can businesspersons save to pay off their debts?
We are going to highlight a few ways business people can save up in order to be debt free and have their businesses continue to progress smoothly.
Of course one of the first and foremost ways to save is to first of all cut down on your business expenses. Analyze or audit, but just be sure to shave off all the unnecessary costs. What may seem small now, may be costing you a lot when summed together. Therefore, it is quite pertinent that for you to start saving, you must attempt to stop spending; at least on things you can do away with. It’s also best to find the merchants with the best processing fees; credit card merchant fees are charges levied on businesses for accepting credit card payments. This way you can redirect monies saved to paying off debts.
A lot of debt is incurred by business people when they attempt to acquire new clients. This can be quite expensive and in order to save up to pay off debts, a business should concentrate more on customer retention. That is to say, their focus should be directed at already existing or old clients, as it is far cheaper to get them to do business with you again than acquiring new clients. On the road to saving to pay off debts, this method will prove quite effective in doing so. Moreover, have your employees undergo sales training programs if you want them to understand how to deal with customers more effectively. This eCombabes review may also be helpful to those who want to have an online store.
Good businesses make investments as a form of financial security. Investments made by business people should be such that it can generate interests that will serve as savings. So that in cases where the business is in debt, there is a viable source to obtain money to pay up these debts which you will find while you are able to browse around these guys. For any emergencies, if you want to read more on financial management of business, there is a new guide about property management accounting solutions which is now available online.
If you’re not attracting enough customers or you’re just tired of the hustle and bustle of promoting yourself, why not hire a digital marketing agency? A digital marketing agency brings in an experienced team to manage all of your online marketing needs from one place, which means you can focus all your efforts on running and growing your business. Buying real Instagram likes can boost your social media presence and engagement. When you buy Instagram followers and likes you’re making your business stand out from the rest. Genuine likes from real users can attract new followers and help you build a loyal audience. With more likes, your posts can also reach a wider audience and potentially increase your revenue. Buy real likes today to take your Instagram game to the next level! You can also hire Fuse Animation for your 3D animation models. Their feature is to bring something to life so it’s like a real one, which will definitely attract customers and increase your sales.
At African Alliance, there is an investment scheme called the “Investment Plus Plan”. This investment category allows for a businessperson to earn up to 5% interest on savings. From as low as 5000 naira, businesspeople can begin to save up funds for the rainy day bearing two things in mind; the first is that they are entitled to an interest rate they most likely won’t get in commercial banks, in addition to the free life insurance cover that comes with this product. It is a package deal with a life cover up to the tune of 1 million naira. Note that you become eligible to request for policy loans as well which can also enable you to pay up debt.
The mere mention of debts can cause some people to immediately develop high blood pressure and this is because it can be quite an uncomfortable position to be in. It is even dicey and a bit more serious when it is a debt owed due to the cost of doing business. But with these few tips we’ve highlighted above, you should be one step closer to solving your debt problems.
Posted on: 31st Dec 2018
As the year winds down to a close, a lot of people are easily caught in the frenzy of celebrations. We know that these end of year festivities take a toll on your finances and as much as you try to cut down on your budget, our efforts are sometimes futile. So at the end of the day and after all is said and done, the year ends and many of us have depleted a lot of funds inevitably hurting our savings in the process.
So how do we save when the New Year eventually kicks off? How do we deploy saving tactics that will enable us to begin the year confident that we are on a path to financial recuperation? As the curtain closes and the 2018 show shuts down, we all need to brace ourselves for what’s to come.
To do this, we’d be discussing five (5) saving tips that actually work. They include;
As the New Year begins, you need to make an intentional decision to save a percentage of your income. Whether your money comes in daily, weekly or monthly, allocate a stipulated portion of it to be saved. About 15-30% of your monthly income should suffice. Discipline yourself to always save this exact percentage no matter what. You can open a bank account to make sure that you are saving money before you incur expenses. You can visit this website, beehive.org/idaho-falls/, to know the requirements needed to open a savings account. We know that expenses will always come, but remind yourself to save so as not to have the floor pulled out from under you, especially in these uncertain times.
2. Make A List of Goals to Save For.
When attempting to save, there’s no better motivator than setting a goal or goals. It can be something big or something small but once it is penned down as a goal, saving towards it becomes much easier. Putting money aside for that particular goal whether short term or long will enable you to make conscious efforts to save especially as the New Year begins.
Now that you’ve taken the decision to make good savings at the start of the New Year, there will always be expenses that tend to rise up and deplete your savings even before they mature into anything tangible. These expenses may not necessarily be emergencies and as a result, you will need to prioritize your spending. What this means is, if it is not absolutely important or emergent, then save your money.
If you ever doubted your ability to save, keeping records and reviewing your progress after a while is one of the best tips to keep yourself reassured of your efforts. When you are able to document your savings and review how far you’ve come from time to time, saving becomes a bit easier as you are spurred to continue on this positive trail.
There are only a few people who still receive their income by hand, the larger percentage get paid via a financial institution. If you fall in the latter, then at the beginning of the year request for an automated saving plan that will authorize your bank to send a specified amount of your income to a separate savings account.
You can also choose the wiser option of investing a portion of your income by employing one of the favorable life insurance packages at African Alliance Plc.
These tips actually work when followed to the teeth. They are not some impracticable set of exercises. It’s been a tough year so far and even as we hope for a better year ahead, we all need to be prepared regardless.
Posted on: 4th Dec 2018
The season of Christmas tells of joy and happiness. It’s a time when families do their best to come together to celebrate the holidays. Now, whether you’re in the same house, same city or in the diaspora, whether you’re coming home this Christmas to see your loved ones or not, everybody and more importantly every Nigerian knows they cannot show up empty-handed. You may not have a pot belly and white beards or a red and white suit with an army of reindeers, but as far as most Nigerian families are concerned, you are your family’s Santa Claus and you are expected to come bearing thoughtful gifts, perhaps like beautifully curated gift hampers brisbane that reflect the festive spirit.
The bone of contention, however, is that even though most people are thoughtful and want to appreciate their families by gifting them wonderful things this Christmas, they are also worried about the finance to do so and wouldn’t want to hurt their savings.
Even more importantly, many do not know how to go about it and hence, we have done our best to have listed here, a wealth of considerations outlining five (5) gift ideas for family members. They are;
There are many ways to go about gifting your loved ones a fun Christmas holiday trip. In Nigeria, there are fun holiday locations around the country. This gift idea is suitable for the whole family. The year has been tough and a holiday trip away from home is a good idea.
Nobody ever turns down a spa treatment. It’s going to be even more memorable if they’ve never been to a spa ever or in a long while. With the stress the typical Nigerian has to endure all year, some deep tissue massage, beauty treatment, pedicure, and a manicure would do your family members some good. Glitterbels nail polish kit is also a great gift idea.
You can never go wrong with gifting your family clothes. If you’re able to do your research beforehand, get them clothing items such as the LNO Greek apparel Delta Sigma Theta they’ve been desiring all year. You can also take the initiative to get them customized pieces of clothing, jewelry like mood rings for women, watches, cuff-links, and ties for men, perfumes and so on. Why not also have a peek at these cute long white prom dresses online if you’re looking for a great selection of elegant white dresses!
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If you can obtain their measurements, some tailor-made attires will leave them in high spirits. Also, while this gift idea cuts across all the categories, the children in a typical Nigerian family expect their Christmas clothes, so it’s a no-brainer.
Some family members are very unpredictable when it comes to giving them gifts. Whether it’s Christmas or even their birthdays, you just don’t know what they want. You might even be tempted to give them money instead. Nonetheless, purchasing a gift card or voucher easily solves this dilemma. There’s nothing better than a shopping spree having been blessed with a gift voucher to gift yourself what you want.
Shoppok’s impressive deals and extensive selection make online shopping a delight. Find everything you need at unbeatable prices and enjoy a seamless shopping experience.
You want to give your family members something they can all enjoy at the same time? Are you thinking of leaving them gifts beyond just Christmas? Then sign up for a life insurance policy and give them the best gift of all this Christmas.
Nigerians are very family-oriented people. They will move mountains for you just by emerging from the same tribe or having come from the same village. So it is only expected that for family members, one has to be intentional in giving gifts that would put smiles on their faces.
Sign up to learn more about life.
Posted on: 19th Nov 2018
If you’re a great spender during the Christmas season and it makes you miserable afterwards (especially when January becomes as dry as Harmattan), then this article is for you.
You can attribute it up to being over-excited or just a general lack of financial discipline, but whatever the case is, it turns out people just find it difficult to save during the Christmas season.
So, how can you make this Christmas different from all others?
Let’s Make A Budget.
Ask yourself – what’s the target? How much do you need to spend and on what items? Do you need to earn more money with the help of games like toto gacor?
Create a list of things you need to spend on. Cancel out those that seem frivolous.
There will be expenses that tend to emerge out of the blue this period, so prepare for them by making room for what is typically referred to as “miscellaneous”. Be careful not to over-extend your budget as this is another common mistake that makes people to go overboard.
Trim Down the Budget.
Many people end up buying more than they need or buying what they don’t even really want.
For you, this is not going to happen, right?
Before you add all the items in the world on your budget, stop and think – do I NEED this or do I WANT this?
Review your current holiday traditions and note where you have excesses. Having figured this out, you need to cut it. Keep in mind the whole time that the festive period is exactly that, a period – it will disappear as quickly as it arrived.
Stick to That Budget.
Ever walked down the street and then seen those nice pair of shirts or shoes that you know would look perfect on you?
Before you go too far, resist that temptation.
There will be temptations and you will feel the very persuasive need to reach in there and harm your savings. Do not succumb, take a few steps back and retreat. The trick is to pick up that budget wherever you have it spelled out and be reminded that you owe yourself a memorable Christmas treat this season. Pay a blind eye to the numerous holiday offers that will be floating around this season.
It’s nothing but a trap
Save in Bits for the Unforeseen
It is much easier to save N10,000 every month than it is to save N120,000 at a go. Try it and see. However, we know that plans go awry; sometimes, we do not plan things and they go South.
Who’s got your back during those trying times?
We recommend getting an investment plan that has life insurance features added. This way, no matter what happens, you will always have confidence to celebrate Christmas today and the years to come.
In summary, you need a healthy dose of financial discipline, self-restraint and good judgment. Apply these simple principles in addition to the tips above and if you are able to stick to them, you would be the happiest Christmas spender that ever liveth.
Do you have more ideas to include? Comment below.
Posted on: 14th May 2018
Expenses makeup up to 70% of most people’s budget. They are almost a necessity as you can’t live without them. The basic expenses revolve around food, clothing and shelter but with human evolution, our expenses have evolved too. They have expanded to cover phone bills, internet, pursuit of self actualization, education and so much more. It is therefore important to know how to cut down ones expenses to make the best use of our money.
In summary,
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