Your Roadmap to Financial Security
Start your wealth journey with us today
Partner with Coronation’s team of financial experts to make smart choices to preserve and grow your wealth.
The World Bank, the world’s largest financer of education, refers to education as the most powerful tool for reducing poverty and inequality. In Nigeria, education is often the primary driver of upward social mobility within families, enabling children to surpass their parents financially.
This is why it is no surprise that Nigerian parents allocate up to 35% of their income to fund their children’s education.
Nigeria’s rising inflation rates have taken a toll on the cost of education from primary to tertiary levels, making it quite costly for parents to see their children through school. As expected, more parents are looking for innovative financial solutions that cater specifically to their child’s education.
Coronation Life Assurance organized an insightful webinar themed ‘Protecting Your Child’s Future: Insurance Solutions Every Parent Should Know’ to educate more parents about the Education Legacy Plan, a product that combines the essence of saving and insurance to allow parents to conveniently sponsor their children’s education to any level that they desire and protect their future.
The webinar’s panel discussion was skillfully moderated by Omotolani Akintunde and featured valuable contributions from Olufunmi Adenipekun, Segun Aremu, and Ayodele Kumolu-Johnson.
Olufunmi Adenipekun, the Chief Risk Officer at Coronation Life Assurance, spoke in-depth about covert risks and adversities that parents are unprepared for during their child’s academic years, and how insurance can make a difference in such situations.
“When a breadwinner becomes disabled, has a critical medical condition, or passes away suddenly, it takes a toll on their children. It can mean the end of their education. But with insurance, the effect of these things can be cushioned.
You might think you don’t have much and can’t afford insurance, but you have to remember that if you are no longer there, your children will have nothing. To protect the future of your children, you need insurance.’’
As economic uncertainties continue to guide family decisions, parents are doing all they can to stay ahead. Products like the Education Legacy Plan can ease the financial burden when it is most necessary. It’s the failproof way to ensure your child’s future is not disrupted, no matter what.
If you want to learn more about the Education Legacy Plan and how you can use it to give your child an unfair advantage, watch the full webinar here.
For more enquiries, email: info@coronationinsurance.com.ng or call 02-012275475, 02-012275476
Related Posts
CapTable by Coronation: The Smarter Way to Manage Your Cap Table
Tired of spreadsheet chaos? For founders and CFOs, a messy cap table isn’t just an admin headache, it’s a strategic Read more
Do You Need Travel Insurance or Not?
Travel plans can be unpredictable; flights get delayed, bags go missing, and sometimes, life just happens. But is travel insurance Read more
How to Fit Insurance Premiums into Your Monthly Budget
When Tunde bought his first car, a neat Toyota Corolla, he was over the moon. He had saved for months, Read more
Life Insurance and Financial Planning: How to Build a Secure Future
The famous American author Leo Buscaglia once said, “The greatest hazard in Life is to risk nothing”. This quote emphasizes Read more
