150 attend Compass life insurance seminar

PHILIPSBURG–Compass Insurances recently held its second annual free Life Insurance seminar at the University of St. Martin (USM) under the theme “Building a Legacy through Life Insurance”.

Compass is an agent for Sagicor Life, NAGICO and Guardian. The objective of the seminar was to inform participants and create awareness regarding the various ways individuals and businesses could benefit from life insurance, Compass Agency Manager Barbara Pompier-Halley said.

“The seminar was a great success with over 150 persons in attendance which proves the need for information on this topic.” The event featured two guest speakers. Notary Meredith Boekhoudt talked about the importance of estate planning including the marriage law, inheritance law and types of wills. Tax Advisor at Baker Tilly, Maarten Tervoort discussed the effects of income tax on insurance/ annuity premiums and their proceeds. Other topics discussed during this year’s seminar ranged from the importance of leaving a legacy, the significance of life insurance in creating a legacy for one’s family as well as one’s business.

Following the presentations guests in attendance actively participated in the question and answer session where numerous questions were posed to the panel of four speakers to receive more clarity and advice on various situations. The event was filled with valuable information enabling participants to feel equipped and motivated to make appropriate adjustments in how to build their legacy.

Pompier-Halley said Compass Insurances will continue to organise these information sessions annually to help increase awareness in our community about the obligations and benefits of having life insurance. “We believe that a nation with the right information combined with action is better prepared for the future,” she said.

Source: The Daily Herald https://www.thedailyherald.sx/islands/67405-150-attend-compass-life-insurance-seminar