Life Insurance itself
The life and the properties of an individual are daily surrounded by the risks of death, disability or destruction.

Risks like these may result in financial losses. Then, the question comes in; in what way can all these risks be transferred to avoid total loss? The only tested and prudent way is Insurance. Insurance is a legal document between two parties, which are; the insurance company i.e. the insurer, and the individual, i.e. the insured. Both parties get a legal contract for the insurance, which is called the Insurance policy. This insurance policy has so many details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either, the insured person or the nominees. In short, Insurance is a simple way of protecting yourself and your family from financial losses.

Insurance can come in through various aspects. Some of these aspects are;

Auto Insurance
Gap Insurance
Health Insurance
Income Protection Insurance
Casualty Insurance
Life Insurance
Burial Insurance
Property Insurance
Liability Insurance
Mortgage Insurance
Business Insurance.

Basically, this article will be discussing life insurance, its policy, benefits, companies in different countries and top companies all over the world.
Life Insurance as a very crucial aspect of insurance provides a monetary benefit to a decedent’s family or other designated beneficiary. This kind of insurance may specifically provide for income to an insured person’s family, burial, funeral and other final expenditure.
Policy of Life Insurance

For every aspect of insurance, there must always be a policy that abides with it. A life insurance policy is a contract with an insurance company. It pays out after a person’s death to the people such an individual has designated as beneficiaries, usually close family members in exchange for regular premiums such person has paid over time. The policy has a detailed compilation on the conditions and circumstances under the insurer will compensate the insured. Different country around the world has its own life insurance policy.

Ohh!!! You are wondering what exactly you stand to gain from life Insurance. Not to worry, there are enormous benefits associated with life insurance. All you need do is just to keep on riding with me. Some of the benefits of life insurance are as follows;

Wealth Creation

Some life Insurance plans offer you the opportunity to create wealth with them. Apart from their main objective which is mainly to cover life-insured expenses, these policies invest your premium in different investment classes to deliver superior risk-adjusted returns that beat inflation and grow your corpus.

Peace of Mind

Life Insurance gives peace of mind to the insured. How? If someone meets were to meet with their demise, they know their family members and loved ones will have a financial safety net to fall back on. In essence, life insurance gives you the confidence that your spouse, children and loved ones will be financially secured if something happens to you.

Covers costs resulting from terminal illness

Life insurance can potentially provide cover for an individual if he/she has been diagnosed with a terminal illness. This, in essence, further means that you can receive a payout or even benefit to help reduce the financial burden of the terminal illness.
Life Insurance Companies Around the World

I know you can’t wait to register with a life insurance company and enjoy is enormous benefits. It’s a good feeling. There are many life insurance companies in both home and abroad. But, it is very important for you to consider some factors before diving or registering with an insurance company. Some of these factors are;

The Company’s name
Legal Accreditation of the company
The Coverage of the Company
The Company’s Financial Strength and their
Price Factor

It is important for you to know that each life insurance company located in different countries has its own peculiarities. In essence, there are features and functions associated with each life insurance company.

Listed below are some of the Insurance Companies in Nigeria

Aiico Insurance Plc
Lead Way Assurance Company
Custodian and Allied Insurance
Cornerstone Insurance Plc
AXA Mansard Insurance Company
African Alliance Insurance Plc

Some of the Life Insurance Companies located in the United States of America are;

Afro-American Life Insurance Company
American Income Life Insurance Company
Executive Life Insurance Company
Fidelity Union Life Company
Garden State Life Insurance Company
Globe Life and Accident Insurance Company
The Guardian Life Insurance Company of America
Kansas City Life Insurance Company
Life and Casualty Insurance Company of Tennessee
Lincoln Income Life Insurance Company.

Life Insurance Companies located in China are;

China Life Insurance (Group) Company
Ping An Insurance (Group) of China Ltd.
China Pacific Insurance (Group) Company Ltd.
People’s Insurance Company of China Group
New China Life Insurance.

Life Insurance found in Ghana are;

Metropolitan Life Insurance Gh. Ltd.
Enterprise Insurance Company Limited.
SIC Insurance Company Ltd.
Metropolitan Insurance Company.
National Insurance Commission.

Life Insurance companies located in Germany are;

Deutsche Afrika-Linien/John T. Essberger Group of Companies.
Ergo Group
Generali Deutschland
G. & J. E. Pinckernelle
VHV Group
Wustenrot & Wurttembergische.

Top Life Insurance Companies in Developed Countries



There are top life insurance companies in the world today. These companies have been selected on the basis of the following criteria.

Premium collections
Revenue
Profit
Geographical Area
Assets

Some of these top life insurance companies and their locations are;

AIA Group Ltd, Singapore.
AIG(American International Group), New York City.
Berkshire Hathaway (BRK.A).
China Life Insurance, China.
Ping An of China, China.
United Health Group, United States of America.

These life insurance companies have their own distinct and associated features. So, before you make a conclusion on the choice of a life insurance company, it is important that you make a good and well-detailed research on the relevant cones.
Get enough and necessary information before you take any step further in registering for the company of your choice.

Read More: https://750gistmedia.com.ng/life-insurance-a-saviour-to-humanityall-you-need-know/
What Do I Stand to Gain from?

A number of resident doctors working at Alex Ekwueme Federal University Teaching Hospital (AEFUTH) in Abakiliki have taken to Twitter to cry out over non-payment of salaries since they started working at the institution.

The doctors, who were employed to AEFUTH in December, alleged they have not been paid since they resumed work till now (5 months) and there is little to no hope of receiving their salaries until the COVID-19 crisis is over.

Most of the doctors ahave taken to borrowing money from friends and they shared how embarrassing it has been for them as medical doctors and essential workers, working everyday during the lockdown, yet having to borrow money from friends who are staying at home.

A medical doctor who works at AEFUTH told LIB of a resident doctor at Abakiliki who broke down in tears during surgery after he got news that his father suffered a stroke and is now in a coma.

In the presence of patients, the doctor was inconsolable as he lamented the fact that he never received his salary for one day since he started working and as such, he cannot take care of his sick father or reward him for all the years he sent him to school.

Doctors who spoke to LIB explained that they were informed that in order to get paid, their bio-data will have to be captured into the IPPIS first. Unfortunately, the IPPIS office in Abuja is on lockdown due to the COVID-19 pandemic.

One of the affected doctors said: “They keep telling us that unless IPPIS comes to capture us that we will never be paid. Even if the pandemic keeps getting worse as it is currently getting.

‘Even if it lasts for 2 years. They keep saying there is no way we will be paid. Imagine the injustice.

“Some of us had good jobs we were doing before we got here. We only came here to work for the government and do residency. Imagine my sadness to have left a comfortable life for this evil system that doesn’t care if I died or not?

AEFUTH doctors narrate how they

I wonder why they are so inefficient. How could they simply refuse to pay us unless the pandemic ends?

“I have tried all my best to get a loan but nothing is forth coming because I have borrowed so much already. I have tried to sell anything of worth that I have but no buyers are coming since the pandemic froze the economy. I am totally broken and bankrupt and feeding is now very difficult for me.”

The doctors said they have gone to complain to management but were threatened with retrenchment if they keep complaining.

Another doctor told LIB: “It’s not like we hadn’t started earlier to plead with them to find a way to pay us only for them to keep telling us to basically keep quiet and die in silence in order to still keep our jobs.

“Imagine that? Threatening workers who are being owed with sack simply because they are asking for their salaries?

“I remember the first time we went to ask the management about our salaries. Having waited for four months, we had gathered a few of us and went to the management to ask for our pay. We were almost in tears as we went. We were hoping for something hopeful only to get told to go home if we were tired of working.

AEFUTH doctors narrate how they

They didn’t even consider that we were heavily in debts and basically had no means of survival even if we went home.



“Can you imagine me going home to depend on my aged parents? The wickedness in this country will astound even the devil.”



He continued: “I have not been paid any salaries since I started working for the federal government as a resident doctor.



It’s been 5 months now without pay, and counting. It’s been 5 months of starvation and lack, of desperation and fear, of anxiety and total despondence.



AEFUTH doctors narrate how they



“I am the first born who is supposed to cater for my family. Especially with the coronavirus pandemic which has totally erased my old parent’s other means of livelihood.



“It’s been five months of total hopelessness because the hospital I am working for, Alex Ekwueme Federal University Teaching Hospital, Abakaliki has been telling us all sorts of stories pertaining when we will be paid. The last time we were addressed we were simply told to keep quiet and wait for the pandemic to be over before we would be captured by IPPIS and hence, be considered for payment.”



AEFUTH doctors narrate how they



A married father who works at AEFUTH lamented about the situation. He said the salaries owed them has made him unable to fulfill his responsibilities to his family. He added that his wife and children are starving and his wife has been forced to take up odd jobs to provide for the family.



Below are tweets from doctors narrating their ordeal.
https://750gistmedia.com.ng/aefuth-doctors-narrate-how-theyve-been-forced-to-borrow-money-after-working-for-5-months-without-pay/

Talented Nigerian producer, Bbanks has released a new hit song titled “For You“

However, this new song “For You” by Bbanks is a song he released for his fans to use to celebrate his birthday today with him.

Finally, this song is part of his forthcoming project to be released soon.

Listen, download and share your thoughts below.
https://750gistmedia.com.ng/bbanks-for-you/

91 new cases of #COVID19 were reported as at Sunday, 26th April, 2020. In a release by the National Centre for Disease Control via her website and Twitter handle, the numbers in the affected states are as follows.
43-Lagos
8-Sokoto
6-Taraba
5-Kaduna
5-Gombe
3-Ondo
3-FCT
3-Edo
3-Oyo
3-Rivers
3-Bauchi
2-Osun
1-Akwa Ibom
1-Bayelsa
1-Ebonyi
1-Kebbi
This results were updated as at 11:50pm 26th April with figures of the Discharged at 239 and recorded Deaths at 40.
One case previously reported in Lagos, is now an Ondo State case bringing the total number of confirmed cases in Lagos is 731, and 8 in Ondo.

Read More: https://750gistmedia.com.ng/nigeria-confirms-91-new-cases-of-covid19-totals-1273/