Mutual Funds:
Have you been looking for an ideal opportunity to create wealth for yourself and
leave a legacy for your loved ones?
Then Wealthbeing Mutual Funds is the ideal investment plan for you.
This mutual fund, also known as ‘Legacy Fund’, is a unit trust fund managed by
First City Asset Management and it offers you a unique opportunity to realize
appreciable returns as well as capital gains in the long-term, whilst
simultaneously reducing the risk associated with pure equity investments.
What’s in it for you?
- Excellent yield on your investment
- Peace of mind from knowing our expert Fund Managers are monitoring
your investment to ensure your money works for you
- The Fund’s assets are distributed across a diversified universe of
investments aimed at maximizing wealth creation
- The Fund’s certificate can be used as collateral for securing
credit facilities from any FCMB branch
Features
- Minimum initial investment of N10, 000 with an
incremental/additional contribution of N1,000 minimum monthly
- The transaction charges are far cheaper than direct investments
- Minimum investment period of 2 years
Mutual Fund is provided by Legacy Fund and managed by First City Asset
managers (FCAM)
Terms and conditions apply
Please visit http://www.legacyfund.com
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Wealthbeing General Insurance
Vehicle Insurance
If you were to list some of your valued possessions, we have no doubt that your
vehicle would be among the list. We recognised how useful your vehicle is to you
as well as value what it has cost you to acquire it. The peace of mind that
comes from having the right insurance cover is something that is worth a lot to
most people; that is why we are introducing to you the Wealthbeing motor
insurance to suit you. We have designed it first of all to give you quality
cover as well as making it as affordable as possible.
Wealthbeing Private Motor
Features:
This policy covers
- Accidental damage to your vehicle
- Fire and theft
- 3rd party liability for death/bodily injury unlimited but reasonable
- 3rd party property damage liability up to N1m
- Theft or damage to your factory fitted car audio system
Wealthbeing Motor Plus
Features:
This policy covers:
- Accidental damage to your vehicle
- Fire and theft
- 3rd party liability for death/bodily injury unlimited but reasonable
- 3rd party property damage liability up to N1m
- Theft or damage to your factory fitted car audio system Insured
- Personal accident benefit up to a limit of N100, 000
- Refund of 5% of 3 consecutive years premium without claim
- Insured medial expense up to the limit of N25,000
- Cost of towing damaged vehicle up to the limit of N10,000 (Inter-city) and
N20,000 (Intra-city)
- Vehicle recovery within Lagos
- Courtesy car for 10 days in the event of accident/theft to cars with insured
value of N3m and above
- Free vehicle tracking device for cars of N3m and above
Motor Insurance is underwritten by Guaranty Trust Assurance plc. GTA plc is
regulated and licensed by National Insurance Commission of Nigeria to provide
General and Life insurance products/services. Full policy details and written
enquiries are available on request. Cover is subject to policy terms and
conditions.
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Householders Insurance
Everyone needs to insure his/her home and property against the risk of fire,
theft, burglary, e.t.c. whether you own a house, live in a rented apartment or
you are sharing with friends or family, you need to secure your goods and
property. Wealthbeing Householders Insurance provides you that distinctive
opportunity to protect your valuables.
What’s in it for You?
-
Cost of temporary alternative accommodation up to a limit of N25,000.00
-
Third party liability up to a limit of N50,000.00
-
Compensation for death of the Insured in the event of the insured peril up to
a limit of N20,000 per event and N200,000.00 per period of insurance
Features:
- Third party liability
- Death compensation
- Comprehensive cover for building and/or contents
- Perils covered include
- Fire
- Burglary
- Personal Liability
- All Risk
Householder Insurance is underwritten by Guaranty Trust Assurance plc. GTA plc
is regulated and licensed by National Insurance Commission of Nigeria to provide
General and Life insurance products/services. Full policy details and written
enquiries are available on request. Cover is subject to policy terms and
conditions.
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Whole Life Insurance
As the primary earner in your household you are invaluable. That is why it’s
important you pause to think about what will happen to your loved ones when you
are no longer there to support them. It is important that you protect their
lifestyle. This makes a life cover essential for you as it will ensure your
loved ones are well taken care of when you are no more.
At FMCB, we realize this and that is why we are introducing to you an
affordable, comprehensive life policy called Wealthbeing Whole Life.
This policy ensures that when you are no more, your named beneficiaries will
receive a capital sum commensurate to the size of your policy.
What’s in it for You?
- The policy offers the possibility of obtaining a large amount of protection
for a comparatively small premium
- In the event of death or accidental total permanent disability your named
beneficiaries will receive a lump sum amount in line with the size of your
policy hence protecting their lifestyle.
- Creates large estate for the family left behind – a sort of relief.
Features:
- No medical examination required for policy up to N5, 000,000.00
- Affordable premium
- Critical Illness, unemployment insurance and personal accident cover are
available as optional additions to this policy.
- It provides cover for the whole life
Whole Life is underwritten by Guaranty Trust Assurance plc. GTA plc is regulated
and licensed by National Insurance Commission of Nigeria to provide General and
Life insurance products/services. Full policy details and written enquiries are
available on request. Cover is subject to policy terms and conditions.
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Wealthbeing: Mortgage Protection
Have you taken a mortgage? Are you worried about what will happen to your loved
ones and your property should the unexpected happen while still paying up the
mortgage?
You need not experience sleepless nights on account of this as Wealthbeing
Mortgage Protection policy provides a sure solution to your worries.
What is this Policy About?
Wealthbeing Mortgage Protection is a policy used to repay the outstanding
balance on a mortgage facility upon the death or permanent disability of the
borrower. It ensures that upon the untimely demise or total physical
incapacitation of the borrower, the outstanding balance on the mortgage or
housing loan would be repaid, thereby easing the financial burden on the
borrower’s loved ones.
What's in it for you?
- It protects your loved ones and property thereby ensuring that your home
remains your home no matter what.
- The policy guarantees a sum assured which should be sufficient to repay the
outstanding loan at any time during the currency of the policy in case you are
not there to continue with the repayment upon the happening of the insured
event.
- Saves your family from the risk and embarrassment of foreclosure in case death
comes calling while still paying up your mortgage
- Gives you peace of mind as you are safe in the knowledge that your estate is
protected.
Features:
- The premium is determined by the amount of loan, age of the assured, tenor of
the loan and the Interest charged.
- The policy covers death or accidental permanent disability
- The maximum age at entry is 60 YEARS and the terminal age is 65 YEARS on the
policy
Other Features:
- The policy does not cover repayment due but repayment not made during the
borrower’s life time No provision for surrender or loan.
- Minimum policy term is 5years.
*Total accident permanent disability cover and critical illness covers are
riders on this policy and are charged at separate rates. The total permanent
disability is 0.15% of the sum assured while the critical illness is 10% of the
premium payable.
Mortgage Protection Assurance is underwritten by Guaranty Trust Assurance plc.
GTA plc is regulated and licensed by National Insurance Commission of Nigeria to
provide General and Life insurance products/services. Full policy details and
written enquiries are available on request. Cover is subject to policy terms and
conditions.
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Wealthbeing: Term Insurance
Term life insurance provides a life cover for an individual for a set period of
time. If the covered individual dies within the specified term, the pre-agreed
sum insured is paid out to the named beneficiary and the plan ceases. If the
covered individual survives the specified term, then the plan ceases and no
payment is made.
After that period, the insured can either discontinue the policy or apply to
continue it. This will however be subject to new terms and policy guidelines. If
the insured dies during the term, the death benefit will be paid to the named
beneficiary.
What's in for you?
- A most inexpensive way to purchase a substantial death benefit which will go
to your named beneficiary.
- Could be used as collateral security while borrowing.
- Creates estate for your offspring at a nominal cost thus making life more
enduring and comfortable.
- You can increase the amount you are insured for.
Features:
- • Increase in sum assured available subject to terms and policy conditions
- The sum assured is payable only in the event of death during the period of the
assurance.
- The premium depends on factors like age, occupation, state of health and level
of cover.
- It is pure insurance and not an investment product
Term Life Assurance is underwritten by Guaranty Trust Assurance plc. GTA plc is
regulated and licensed by National Insurance Commission of Nigeria to provide
General and Life insurance products/services. Full policy details and written
enquiries are available on request. Cover is subject to policy terms and
conditions.
Bundled Life Insurance Policy (BLIP)
We thought you might want to enjoy the best of many worlds; we anticipated you
would want a unique policy that promises more than the ordinary. We realized you
might want an affordable and comprehensive policy that will make you feel less
exposed that is why we are introducing to you the Wealthbeing BLIP. This policy
provides a Term Life Insurance attached with a Personal Accident benefit and
Loss of job (a full bundled package).
What’s In It For You?
Term Life
- Affordable life cover for a specified period of time
- The policy can be classified on the basis of the length of the policy’s
premium payment period.
- The cover is per annum and is subject to yearly renewal at a level premium
rate
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Personal Accident:
- 24 hour accident Insurance cover
- Provides payment of compensation for bodily injury caused by accident
- Accident resulting to death
- Permanent disability and Medical expenses that may be incurred following
accident
Exception:
This personal accident benefit does not cover any injury or death consequent
upon:
- Sickness from natural causes.
- Suicide, intentional self inflicted injury or resulting from act of breach of
law
- The insured being under the influence of alcohol, intoxicants or drugs or
state of insanity
- War, invasion, act of foreign enemy, hostilities, civil war, rebellion,
revolution etc.
- Physical defects or infirmity which had existed prior to the accident
- Childbirth or pregnancy
- Actions of military /armed forces manoeuvres or training exercises
- Professional sporting activities
Loss of Job Insurance:
- Guaranteed financial cushion for unemployed period of up to 6months
- Minimum payout of N600, 000.00 over a six (6) month period (i.e. N100,000
monthly),with effect from second month of redundancy
- Minimum income of N100, 000.00 monthly for a maximum period of six months of
non employment
Key Features
- Beneficiary must be with the same employer for the three (3 years) at the time
of taking up the policy.
- Loss of job must be as a result of a redundancy only
Bundled Life is underwritten by Cornerstone Issurance plc. Cornerstone Issurance
plc. is regulated and licensed by National Insurance Commission of Nigeria to
provide General and Life insurance products/services. Full policy details and
written complaint procedures are available on request. Cover is subject to
policy terms and conditions.
PAL
This provides a Term Life Insurance cover with Personal Accident benefit
attached to it.
Term Life Insurance (under PAL)
Features:
- Provides life cover for a specified period of time at a level premium rate
that does not increase as the assured ages.
- The policy can be classified on the basis of the length of the policy’s
premium payment period.
- The cover is per annum and is subject to yearly renewal at a level premium
rate
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Personal Accident
Features:
- 24 hour accident Insurance cover
- provides payment of specified compensation for bodily injury caused by violent
accident
- External and visible means resulting in death
- Permanent disability/ temporary disability and Medical expenses that may be
incurred following an accident
Exception:
This policy does not cover any injury or death consequent upon:
- Sickness from natural causes.
- Suicide, intentional self inflicted injury or resulting from act of breach of
law
- The insured being under the influence of alcohol, intoxicants or drugs or
state of insanity
- War, invasion, act of foreign enemy, hostilities, civil war, rebellion,
revolution etc.
- Physical defects or infirmity which had existed prior to the
accident
- Childbirth or pregnancy
- Actions of military /armed forces manoeuvres or training exercises
- Professional sporting activities
What’s in it for you?
- The following benefits at a discounted premium of N3,000
- Death benefit to the tune of N500,000.00
- Permanent disability cover to the of N500,000.00
- Medical expense cover to the tune of N50,000.00 on an annual premium of
Scope of Cover
- Term Life
- Medical expense arising from an accident
- Death occasioned by an accident
- Permanent disability arising from an accident
PAL is underwritten by Cornerstone Issurance plc. Cornerstone Issurance plc. is
regulated and licensed by National Insurance Commission of Nigeria to provide
General and Life insurance products/services. Full policy details and written
complaint procedures are available on request. Cover is subject to policy terms
and conditions.
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Education Investment Plan
A great man once said, “It is greater work to educate a child, in the true and
larger sense of the word, than to rule a state.” It has equally been discovered
that the most common cause of child illiteracy is not lack of education but poor
quality of education. That is why FCMB has introduced the Wealthbeing Education
Investment Plan to help you plan towards actualising your dream of quality
university education for your children.
The Wealthbeing Education Investment Plan is a convenient and secure way to save
for your child’s university education, providing both educational and actuarial
advice. The plan aims to help parents and guardians build up a lump sum by
investing monthly into an investment fund which the bank will pay out when the
plan ends. The maturity date (term) of the plan will usually coincide with the
period the child is expected to have gained admission into a university.
What’s in it for you?
- Convenience of contribution through direct debits
- Bonus (profit from the investment) is added to the target sum every year
- Education advisory services
- The option of a life insurance cover which ensures that the target amount at
maturity will still be met should the investor die before the plan matures
- Effective monitoring of the fund by independent Board of Trustees
- Security of investment, professionally managed by leading asset managers
Key Features:
- Education advice is given on top rate tertiary institutions in the UK, US,
South Africa, Ghana and Nigeria.
- Investors are free to designate a different beneficiary at any time.
- Online application and online account access which enables investors to check
their balance, review contribution history and investment performance online.
Other Features
- Initial minimum deposit is a minimum of N250, 000 for universities in the
U.S., U.K., South Africa and N100, 000 for universities in Nigeria and Ghana
- Funds are not frozen upon unlikely event of the demise of the investor if they
take up a life insurance cover.
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Q & As On Education Investment Plan.
1. Is this an educational loan?
No it is not. It is an investment plan
2. Can I also save up for my child’s secondary education under the Fund?
No, it is only aimed at University education.
3. What if I desire to take the plan for than 1 child?
Yes, you can but it will have to be a separate plan for each child
4. Can I change the named beneficiary of the plan if and when I so desire?
Yes, you can change your beneficiary at anytime by notifying us in writing.
5. What do I stand to gain for taking the Life Insurance Cover attached to the
Plan?
In the event of your death before the maturity of the Plan, your beneficiary
will still be able to attend the desired school as the insurance will pay the
balance up the target amount.
6. What happens if I don’t take up the Life Policy attached to it, considering
the fact that it is optional?
Your beneficiary might not be able to go to the desired school in the event of
your demise.
7. I already have a Life Insurance from an Insurance company, do I still need to
take this one attached to the EIP?
You still need to because the policy is attached specially to the Plan
8. Can I save for any University around the world?
No, our educational advice is only restricted to Universities in the UK, US,
South Africa, Ghana & Nigeria for now.
9. Am I allowed to save any amount I can afford monthly/quarterly/yearly?
No, first of all there is an initial deposit which is a minimum of N250,000 for
schools in the UK, US & South Africa,& N100,000 for schools in Ghana & Nigeria.
Then one of our expert financial planners will calculate the amount you will be
paying monthly using our customised software.
10. Are there any hidden charges?
No hidden charges. The only charge will be the 5% of your initial minimum
deposit will be taken at the beginning of the Plan.
Actuaries: Alexander Forbes
Fund Managers: FCAM, Insurance underwriter: GTA
Retirement Savings Account
Retirement is the longest holiday of your life and there’s no better time to
start planning towards it than now. How important to you is the need to ensure
you maintain your lifestyle at retirement? How would you like to enjoy retirement
without having to depend on your children or grandchildren?
The Wealthbeing Retirement Savings Account will afford you all these
opportunities.
It is an account that you can open for the purpose of making personal/additional
contribution towards your retirement. It provides peace of mind and security for
the future when you are no longer actively working.
The account is lodged with Legacy PFA who issues a periodic statement to each
account holder.
Features:
- Convenient regular contribution
- Easy access to statements to monitor contribution
- The funds are invested and managed by Legacy
- Programmed Withdrawal or Annuity lump sum option
What's In It For You
- Your contributions are invested for optimum returns
- Security of funds as it is privately managed by our investment managers
- Peace of mind that comes with the knowledge that the funds are strictly
supervised and regulated
- Opportunity to have access to funds at retirement
- Programmed Withdrawal or Annuity lump sum option
- Separation of Custody of assets by an independent custodian to ensure safety
and profitability
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