Austin Michael's blog

Annuity is a contract between an annuitant (Policyholder) and the insurance company whereby the Annuitant deposits a lump sum to the insurance company which ensures a fixed sum is paid to him by the insurance company at an agreed frequency (e.g Monthly, Quarterly) typically for the rest of the annuitant’s life. However, payment ceases (except for the guaranteed annuity) upon the unfortunate death of the annuitant. This product is available online in three variants: Flat Annuity with No Guarantee: Under this annuity type, the structured payment is made to the client as long as the annuitant lives and payment ceases upon the on fortunate death of the annuitant Flat Annuity with 5 Years Guaranteed: Under this annuity type, the structured payment is made to the client for a guaranteed period of 5 years regardless of whether he lives or not (If annuitant dies before the end of the fifth year, the present value of the payment yet to be made to him shall become payable to his nam

This policy provides indemnity to the Insured against: Loss or damage to the Buildings caused by an Insured peril (Fire, Lightning, Explosion, Flood, Malicious damage etc). Loss or damage to the Contents, whilst contained in the Buildings and caused by an Insured Peril. It also provides additional benefits such as: Cost of alternative accommodation. Loss of rental income. (For insured building only) Legal liability to the public. Medical Expenses up to a limit Death of the Insured due to fire or action of thieves for more information kindly contact us on 07035087514 or amichael@cornerstone.com.ng via email.

Goods-In-Transit insurance   is an all risk policy which covers loss or damage to goods whilst in transit by road, rail or inland waters within the geographical limit of Nigeria. The policyholder will be indemnified if the insured goods are lost or damaged by fire, theft, collision or overturning of the conveying vehicle whilst in transit or whilst in course of loading or unloading from the point conveyance to the stated destination or whilst temporarily housed in ordinary course of transit subject to the limits of this Policy. Features include: This policy does not cover the following goods;   delicate or fragile   goods such as glass   unstable   goods such as explosives. (For such goods, kindly send your request to amichael@cornerstone.com.ng ) This policy cannot be purchased in isolation, in order to buy our Goods-In-Transit policy you   must   have an existing policy with Cornerstone e.g. Marine Insurance, Combined Fire & Burglary. (If no previous policy with Cornersto

This is a unique insurance product that covers parents as their children progress through the educational system. It protects the insured’s child and/or wards against unwanted and unexpected interruptions to their educational aspirations, as a result of job loss or untimely death of the fee-paying parent. For more enquiries kindly contact us on 07035087514 or amichael@cornerstone.com.ng  via mail. Thank You.