LASACO Term Assurance
Our Term Assurance provides for the payment of the capital sum assured upon the death of the life assured within a specified period. It could be used to secure loan or provide maximum life cover during business trips.
Features of LASACO Term Assurance Policy
Flexible Premium Payment
You choose a mode of payment convenient for you i.e. Monthly, Quarterly, Half-Yearly, Yearly or Single Premium.
The benefit is payable in three (3) installments.
An avenue for compulsory savings with absolute security
Provides life assurance cover to the tune of the sum assured provided premiums are paid to date
A suite of amazing policy benefits tailored to your specific needs
Premium is Tax Exempt
It serves as security for loan
It can be used to secure a loan from any licensed bank in Nigeria
Waiver of Subsequent Premiums
It attracts waiver of subsequent premiums in the event of the death of the assured