In keeping with ARM Trustee’s commitment of helping clients build legacies via transfer of wealth from one generation to the next, ARM Trustees Limited has launched Education Trust and Education Trust Plus products.
Both products, launched recently in Lagos aim at assisting parents and/or guardians secure uninterrupted education for their child(ren) or ward(s).Whilst the Education Trust is used to simply set aside money specifically for a loved one’s education, The Education Trust Plus combines the Education Trust with a Life Insurance Policy. It allows you to take out a life insurance policy naming the Trustee as the beneficiary of the policy. Thus, upon demise or incapacity, the Trustee can access the benefits of the life insurance and apply same for the education of loved ones. Payment of an annual premium for the life insurance policy will be made from the Trust.
Either of the two types of trust can comprise of a lifestyle component to provide for other needs of beneficiaries such as vacations, excursions, boarding etc
Mrs Folashade Adeloye, Managing Director ARM Trustees Limited, said: ‘The Education Trust and Education Trust Plus – are ways to guarantee that education of the intended beneficiaries is uninterrupted. “We understand how hard you work to provide for the people who are important to you and how much you want to leave a legacy that ensures they are always taken care of. We help you protect and secure the future of your children or wards.”
At the briefing Mrs Adeloye reiterated: ‘One of the key benefits of the product is that the product can be tailored to suit your specific objective as a client – It not one size fits all, we consider details such as the age(s) of child(ren) or ward(s), type of education you desire for them to have, the target educational institutions you plan for them to attend, etc. You can also determine if the trust should become operational only upon demise or during your life in which case it is called a Living Trust.
Mrs. Adeloye commented that with ARM Trustees, you will receive the dedicated, personal attention you deserve from an experienced Trust Advisor. In addition, you are guaranteed the utmost confidentiality and security.”
About ARM Trustees Limited
ARM Trustees Limited (ARM Trustees), is a wholly owned subsidiary of Asset & Resource Management Company (ARM); the largest non-bank financial services institution in Nigeria. With over eighteen years’ experience and a team of dedicated professionals, the company is renowned for its neutrality in corporate bond transactions, expertise in trust management & administration and efficient qualitative services.