The Samoa Life Assurance Corporation (S.L.A.C.) celebrated its 40th Anniversary at the Taumeasina Island Resort on Friday night.
The night saw many of Samoa Life’s clients join staff and the Board members to celebrate the milestone.
Minister of Finance, Sili Epa Tuioti, congratulated the Corporation for all they have achieved in the past 40 years.
The Corporation has achieved a lot, according to the Chief Executive Officer of S.L.A.C., Lei’ataua Alden Godinet.
While the journey has not always been easy, he told the Sunday Samoan that the past 40 years has been great for Corporation.
“During the last 40 years the Corporation has been through a lot of changes,” he said.
“During that time we were able to sustain and meet our deadlines. We also achieved our targets and $1million in profits on average which is good considering that we were also able to attain at least $44million in total assets during the last 40 years.”
The Corporation employs 64 staff members, 11 of them are Sales Agents.
One of the Corporation’s biggest investments is its office in the heart of the Apia Township. And like most things in life, there are always challenges.
“We’ve also had struggles and difficulties. One of the major ones that we have encountered in the past couple of years is that some of our policy holders, sometimes when they have difficulties in maintaining or paying their policies, they decide to request to surrender their policies."
“We’ve also had some cancellations but we have our own countermeasures to tackle those difficulties.”
Lei’ataua said they are working hard to promote the importance of life insurance and he is positive about the future.
The Samoa Life Assurance Corporation (Samoa Life) is Samoa's national life office.
As life insurers we offer a full range of policies and services to suite nearly every need in the life insurance field. These are kept continually under review to ensure that all markets can be catered for.
In addition Samoa Life offers a full advisory service not only in personal but also business insurance and related financial services for its members.
Samoa Life is committed to developing innovative, appropriate, affordable and quality insurance choices that reflects the needs of individuals and the local communities.
Through the various policies available we are not only providing financial protection but also promoting long term savings.
It is indeed a good option of providing for the future needs of its own people. Insuring lives is a personal choice of individuals and the continuation of cover is also dependent on the policyholders needs and their ability to maintain the policy for its intended duration.