Annuity Loan

You can apply below.


  • An annuity loan is a type of loan where an annuity holder (Annuitant) borrows money against the cash value of the annuity contract with the insurer (Leadway Assurance Company Limited).
  • An Annuitant makes a loan request online and the Borrowers (Annuitant) usually have up to three years to repay an annuity loan.


    • Annuity Program with Leadway Assurance Company Ltd (LAC). 
    • Must be below 69 years of age at the time of application and repayment period allowed cannot exceed the 70th birthday of the prospect. 
    • Valid Bank Verification Number (BVN). 
    • Valid e-mail account (updated with Leadway Assurance Company) for loan request application online. 
    • To proceed with online application, prospect must have handy his / her Policy number, BVN, Phone number (as registered with Leadway Assurance Company Ltd)
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  • Loan amount is repayable over a maximum period of 3 years provided prospect remains below the age of 70 throughout the repayment period. 
  • Interest rate is determined from time to time by Leadway Capital & Trusts Limited. It currently stands at 27.5% (Inclusive of Insurance Cost). 
  • Monthly / Quarterly / Bi-Annual / Annual Repayment Amount must not be more than 33.33% of Prospect’s Annuity. 
  • Net Annuity after loan deduction must not be less than 66.66% of Prospect’s Annuity. 
  • Minimum Loan Amount is NGN 100,000 (One Hundred Thousand Naira Only). 
  • Maximum Loan is determined by age of applicant and tenor desired as shown in link below
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