In keeping with its 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.
The products, launched recently in Lagos are aimed at assisting parents and/or guardians secure uninterrupted education for their children or ward(s).
In a chat with journalists at the ceremony, Managing Director ARM Trustees Limited, Mrs. Folashade Adeloye said the Education Trust is used to simply set aside money specifically for a loved one’s education.
According to her, “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.”
She added: ‘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.”
Adeloye reiterated that one of the key benefits of the product is that it can be tailored to suit specific objectives 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. 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.
“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, “explained.