2 mn read
In Nigeria, there is often skepticism about the value of life insurance. However, the experience of Jewel Okwechime, a customer of Stanbic IBTC Insurance, highlights the crucial role of financial planning through insurance.
Jewel Okwechime’s Journey:
- Background: Jewel, who previously lived in South Africa, witnessed firsthand how insurance supported people during financial difficulties. Motivated by these experiences, she decided to enroll in the Stanbic IBTC Sunset Benefit Plan upon returning to Nigeria in May 2022.
- The Challenge: Earlier this year, Jewel faced the death of a loved one while dealing with financial strain. The Sunset Benefit Plan proved invaluable during this difficult time, providing financial support that alleviated the burden of funeral expenses.
Key Takeaways from Jewel’s Experience:
- Motivation for Enrolling: Jewel’s understanding of the importance of life insurance grew from her time in South Africa. She recognized the need for financial security and opted for the Sunset Benefit Plan to ensure her family would be protected.
- Support During Grief: The Sunset Benefit Plan’s financial support during the funeral process allowed Jewel’s family to cope with the financial responsibilities and focus on healing.
- Advice for Others: Jewel emphasizes that life insurance is essential for everyone. The unpredictability of life means that having financial protection in place can provide peace of mind and support during challenging times.
Benefits of the Stanbic IBTC Sunset Benefit Plan:
- Coverage for Funeral Costs: The plan offers financial protection against funeral expenses, including internment, catering, groceries, and childcare, with additional premiums.
- Extended Protection: It covers not only the policyholder but also additional loved ones, such as parents and parents-in-law.
- Financial Security: The plan ensures that beneficiaries receive financial support upon the death of the insured, allowing families to focus on recovery rather than financial stress.
Conclusion:
Jewel Okwechime’s story underscores the importance of planning ahead and the benefits of life insurance. The Stanbic IBTC Sunset Benefit Plan offers more than just coverage; it provides a crucial safety net during life’s most difficult moments. For those hesitant about life insurance, Jewel’s experience serves as a powerful reminder of its value and importance in securing one’s financial future.
