America Inc. Introduces LIFE BENEFIT PLAN FOR ALL
The much awaited life insurance plan for Onitsha Indigenes
in here! Onitsha America Inc., under the leadership of Onwa Dr Chudi
Egbunike, has launched a life insurance plan for Onitsha indigenes.
For a minimal amount a year, you can buy a $25,000 group life insurance.
What is more intriguing is that once you buy it, it is yours to keep!
It is your very own, owned and operated by you! Onitsha America Inc.
will not tell you what to do with it. You can buy for yourself and your
children. Additionally, if an organization changes ownership in future
it does not affect the life insurance program, as long as you are up
to date on your payments. What more, do not take my word for it, read
the proposal below and learn for yourself. More information will also
be available on our website at www.onitshaamericainc.org
offer expires March 15, 2011
the Onitsha America Inc. (OAI) National convention in Houston, on September
4, 2009 the president of OAI, Onwa Dr Chudi Egbunike, constituted a
“Death Benefit” committee to work on the new commitment
by OAI to create a “Death Benefit” plan, for its “members”.
Since OAI does not have ownership membership, but “supporting
membership” in the language of its Article of incorporation under
its 501©3 documents; it considered creating a membership organization
under a for profit arm, which can provide this benefit for its members.
was first born in 2006, but was never pursued in earnest until the new
administration led by Onwa Dr Egbunike was elected in 2008. Most participants
at the meeting in Houston felt that the humiliation of pleading and
asking people to raise money for deceased relatives is distressing for
grieving families. This is despite our understanding that these fundraising
events, is our communal expression of support for the surviving family
members, as well as a spirited farewell for the deceased comrade. The
intension of this “Death Benefit” plan is not for members
to die but to provide some ownership spirit for members who have been
supporting this organization. It will also create a stronger sense of
camaraderie amongst members as will be defined in the for profit arm
of OAI, if so created.
Benefit” plan was renamed to “Life Benefit” plan which
is a more humane term for a plan designed to provide benefit to bereaved
members, who are celebrating the death/lives of their loved relatives.
The organization has chosen this term “Life Benefit” to
elevate our vision on such matters with a better image profile. Most
Onitsha people are traditional people, and in most cases will prefer
to have deceased relatives buried in Onitsha, Nigeria. As cumbersome
as this exercise may be, it completes their natural cycle in life and
provides closure for these families. Such an arduous exercise may not
be understood by someone from a different culture. Therefore, we find
this devotion by Onitsha America Inc. to create a low cost life insurance
plan, or an in-house plan, to be a worthy undertaking.
“Life Benefit” committee had several meetings and deliberations
searching for a way to craft a new in-house program for the organization.
This was a very difficult task due to the capital investment and possible
loss of such fund if invested in volatile financial instruments. This
program is the result of a cumulative effort expended by the “Life
Benefit” committee over the past year searching for a workable
plan for “members”. Fortunately, the committee found an
established insurance plan that will satisfy the intention of the organization.
This plan is designed as a Cultural Group Benefit for members of a cultural
group. Since Onitsha America Inc. is a cultural group with a 501©3
designation, the President, Onwa Dr Chudi Egbunike felt in concert with
OAI board that this benefit should be extended to all people who want
to take advantage of this offer, under the loose membership definition
of Onitsha America Inc. Many people have their personal life insurance
plans, but the very low cost of this plan makes it very attractive as
a supplemental insurance. One who does not take advantage of this plan
may have to later regret their decision. We implore all to participate
in this program considering that for the mere cost of a bottle of XO
Remy Martin brandy you can purchase a life insurance for a year.
the general meeting of Onitsha America Inc. convention held in Boston
on September 2, 2010 we presented this plan of a very affordable life
insurance policy for our “members”, and “nonmembers”
who were also in attendance. As such, we now have a process whereby
all deceased members of Onitsha America Inc. shall have a way for their
bodies to be sent home without the family subjecting themselves to fundraising
in such time of need. Regardless, we will still individually support
a family which chooses to have a fundraising with its essence being
to procure further funds to defray their funeral expense.
describe the details of the plan below for your review and decision
to either participate or not, depending on your needs.
of the Group Life Insurance:
level chosen by all “members’ and “nonmembers”
present at the meeting is $25,000.00. Lower amounts of $15,000.00, and
$10,000.00 also exist.
is guaranteed for all participants without medical examination.
coverage can not be cancelled so long as the Master policy remains in
force and you are a member of the cultural organization.
of benefit is made quickly for any claim.
will begin first day of the month following enrollment.
6) To obtain
coverage 75% of the membership must enroll. Not 100% of members like
of claims begins after one year.
year benefit is $12,500 for loss of each member, and $25,000 for the
second year and onwards.
of the plan:
for members under 65 yrs is $8.25/month ($99.00/year) this amount may
vary after the applications are submitted and actuarial tables have
been completed. Your payment is for $25.000 annual coverage.
between the ages of 65 to less than 70 will receive a benefit of $12,500
at a premium of $4.13/month.
under the age of 18, who elect a $5,000 coverage plan will pay $.40/month
under the age of 18, who elect a $7,500 coverage plan will pay $.60/month.
for this plan will start on February 1, 2011 and will end on March 15,
may enroll by sending your information to Mr. Eugene Okpara, by email
firstname.lastname@example.org, or by fax #770 997 9601. His office Phone is (770) 997
your full legal name.
the legal names of all your children whom you wish to cover.
the cultural name of your organization as Onitsha America Inc., to be
your official date of birth (no mago mago please).
the official date of birth of your children to be insured.
your phone number in case Mr. Eugene Okpara wants to contact you.
your membership plan level as $25,000.00 for adults.
select your coverage level at $5,000.00, or $7,500.00, for your Children
under 23yr, if they are in school.
Asked Questions (FAQ)
are the advantages of this plan?
be turned down.
exam or health questionnaire
cannot be cancelled as long as your dues are paid.
are paid quickly.
a member who decided not to enroll apply for coverage later?
member can apply at the next policy anniversary, but must complete a
health questionnaire before being approved.
does coverage under the plan begin?
will begin on the first day of the month following your enrollment.
whom do we make payments?
directly to the Insurance Company, not to Onitsha America Inc.
thank members of the “Life Benefit” committee who worked
hard to secure this wonderful program to be used by all interested participants.
The committee members include Dr Loretta Mbadugha, Nnanyelugo John Anyaeji,
Omenazu I. Okagbue, Chio G. Chukwuma, and Kpajie Dr. J. N. Onwuta. I
will like to affirm that these committee members have no liability as
to the success or failure of this program, and that all risks are accepted
by the participants in this program as in all other insurance plans.
encourage everyone to endeavor to take advantage of this plan. The benefit
is yours for such a small cost. It is a way to provide dignity, security,
and independence to your family. You will have yourself to blame if
you neglect to utilize this golden opportunity.
Dr. J. N. Onwuta,