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Keyperson or Keyman Insurance is a form of term assurance which is put in place to protect the company in the event of an unexpected death of one of its key staff. A keyperson may or may not be directors. It is purchased by the company on the ‘life’ of an employee whose key skills [...]

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Succour  might have finally come the way of the life policyholders of Amicable Assurance Plc following  plans to transfer its life portfolio to Standard Life Assurance Plc. The National Insurance Commission disclosed that the Receiver/Liquidator has already forwarded an M.O.U (Memorandum of Understanding) seeking the Commission’s approval. The Commission is arranging meeting with the Liquidator/Receiver to [...]

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