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WHAT IS THE BEST TYPE OF LIFE INSURANCE?

There are two (2) main types of life insurance; cash value and term life insurance.

Cash value is the most common type of life insurance offered on the market. This type bundles the risk and investment components into one policy.  This makes premiums high with relatively low sum assureds. Although the policyholder pays for TWO components, he/she benefits from ONLY ONE component. One either takes the investment benefit while alive or one’s beneficiaries’ access the claim when the insured passes on, both benefits CANNOT be accessed at any point in time. Why pay for two (2) and benefit from one (1)???

Term insurance on the other hand offers a policy that covers risk only. Due to the coverage for one component, its premiums are relatively cheaper than cash value and provide high sums assured. The client benefits from BOTH companies; he/she can withdraw from his/her separate investment account with an investment Company and access a claim from the Insurance Company when any of the covered incidents occur. Term, therefore, is the best type of life insurance to buy.

What is Life Insurance Underwriting?

Underwriting refers to the process that the Company uses to assess the eligibility of a customer for a life insurance policy. It involves the classification, selection and pricing of risks. It goes by the principle that every risk in the insurance pool should pay an equitable premium.

Underwriting falls into the five categories as follows:

1. Medical underwriting

2. Occupational underwriting

3. Residential underwriting

4. Financial underwriting

5. Lifestyle underwriting

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Teamwork

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Leadership

  • We create Business Opportunities that Empower People for Success.
  • We provide an enabling environment which encourage our teams to Learn and Stretch themselves.
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Excellence

  • We explore innovative ways to deliver Superior Client Experience.
  • We stay close and connected to our Stakeholders by inspiring loyalty.

Our mission statement

The mission of the company is to provide middle income families with adequate protection that will enable them to be financially independent when the bread winner dies.

The Company specifically focuses on middle-income families with our Term products as these households can fully appreciate the end benefit of the life insurance we offer.

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Proffessionalism

  • We are passionate about providing quality services that create Stakeholder Confidence and Trust.
  • We take ownership of our personal growth and continuous improvement.
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Your Guide to Transforming the Candidate Experience

Because the best talent strategies start with talent acquisition

As talent shortages loom and global skilled labor markets remain competitive, the need for an engaging and personalized candidate experience has never been more important as organizations look for ways to break through the noise to attract and retain the best talent.

And hiring managers, HR leaders and recruiters alike know that the best candidate experience always keeps the prospective employee at the forefront, with a simplified, intuitive and results-oriented approach for everyone involved. Yet many organizations fall short delivering this key proficiency. In fact, Brandon Hall Group’s 2018 Candidate Experience Survey shows that while 73 percent of organizations realize that candidate experience is essential, slightly less than half (48 percent) believe their practices are effective.

So how can organizations put their best foot forward with an engaging candidate experience?

Use the expert resources in this series to improve an existing talent recruitment strategy – or create and implement a new one. Improve your employer brand with enhanced candidate relationship management and smoother recruiting and onboarding processes.

Watch this short video to learn more about the expert strategies, tips and tools this series offers: