Choose Annuity plan, Heirs Life Assurance boss tells workers

By Rukayat Adeyemi

L-R: Ms Tosin Bayo-Yusuf, Executive Director/COO, Heirs Life Assurance, Mr Niyi Onifade, MD/CEO, Heirs Life Assurance, Mrs Yetunde Ilori, Director-General, Nigerian Insurers Association (NIA), at the NIA’s Retirement Readiness Workshop in Lagos

Lagos, May 18, 2023 (NAN) Mr Niyi Onifade, Managing Director, Heirs Life Assurance (HLA), on Thursday urged Lagos State Government workers to choose the annuity plan as a pension-regulated option for their retirement.

Onifade said this at the Retirement Readiness Workshop organised by the Nigerian Insurers Association (NIA) on Thursday in Lagos.

The News Agency of Nigeria (NAN) reports that the NIA Retirement Readiness workshop provided a platform for intending retirees to enhance their knowledge and better prepare for retirement

Onifade, who spoke on the topic: ”Annuities; What They Are, The Types, How They Work”, said that the annuity plan offered a stream of regular income throughout beneficiaries’ retirement life.

He explained that the retirement plan also provided financial backing for a life time and gave peace of mind and a comfortable future.

”At Heirs Life, we recognise the need for individuals to secure their financial future and believe that our Heirs Life Annuity Plan offers a robust solution that aligns with their retirement goals,” he said.

According to him, the Heirs Life Annuity Plan is designed to provide individuals with a steady stream of income during retirement while  ensuring financial security and peace of mind.

Onifade said the plan offered flexible options to meet diverse needs and a reliable solution for retirees seeking financial stability in their post-working years.

Heirs Life Assurance Limited (HLA) is a specialist life insurance company.

It is a subsidiary of Heirs Holdings, with 21st-century digital tools and technology to provide simple, quick, reliable and accessible financial security plans to individuals and businesses.

(NAN)