LIFE POLICY CESSION
An individual can protect his/ her Life Policies which he/ she has taken with any insurance company in Eswatini. This can be achieved by ceding the portion of the policy that should be paid out to the minors/ the ones you need to protect, to the Fairlife Beneficiary Fund.
This is achieved by nominating the Fairlife Beneficiary Fund in your Life Policy nomination instead of the individuals you want to protect. You will then contact Fairlife regarding the nomination, Fairlife will in turn, provide a Death Nomination Form which will be kept by Fairlife.
In the event of the policy falling due, Fairlife will contact the appointed guardianon the Death Nomination Form. The guardian will then be taken through the process of the Fund and how the Benefit that has been paid to Fairlife Beneficiary Fund in the name of the Beneficiary will be utilized.