Experts, who gathered at the second edition of the Professional Insurance Ladies Association (PILA), have advised female insurance professionals to start planning for retirement while still in active service.
[ad]
The experts also observed that most people, who are currently having it tough at retirement, bear the consequence of a lack of planning during the active service years.

Speaking at the forum in Lagos, the Former Secretary General of the African Insurance Organisation (AIO), Prisca Soares, said besides planning for retirement, one must take good care of one’s health as age sets in, noting that “this will ensure a retiree lives a healthy life and live long”.
Soares, who was the chairman of the event, stressed that aging gracefully is crucial to a positive retirement life and urged participants to adhere to tips on how to live a successful retirement life.

Similarly, the President, PILA, Margaret Nkechi Moore, charged members to take their retirement life seriously by having a series of investments while in active service, saying that the return on such investments will ensure they do not lack at retirement.

She also advised members to subscribe to health insurance and pension products that would be instrumental to a healthy life at retirement. She said that pension and annuity products would ensure there is a consistent monthly or quarterly income to cover their expenses.

The former Director General of Lagos State Pension Commission (LASPEC), Folashade Onanuga, advised insurance female professionals as well as other working-class Nigerians, who are under the contributory pension scheme (CPS), to subscribe to Additional Voluntary Contribution (AVC) that could serve as savings to start their dream business at retirement.
[ad]