No one likes to think of worst-case scenarios, especially when it involves death and how it affects our families. While we work towards building healthy lifestyles and working hard to provide for our families, being financially intelligent means preparing for the worst. This is why Piggyvest has launched the Wellness Check Initiative.
Piggyvest has always been at the forefront of redefining our relationship with money, and recently, the company has taken its dedication to user well-being a step further with the Wellness Check Initiative. It’s Piggyvest’s way of showing that financial empowerment goes beyond accumulating wealth. It also includes preparing for the future and setting up measures for the easy transition of your assets in the future.
One of the major questions that many Piggyvest users ask is, “What happens to my money if something happens to me?” It might sound uncomfortable, but the Wellness Check was designed to answer that question.
There have been many instances where a person’s funds become inaccessible after their death, leaving their families in serious financial distress. With Piggyvest, you don’t have to worry about your funds vanishing into thin air. Piggyvest has made it possible for your funds to pass on to someone you have officially named or to your Next of Kin (NOK).
Of course, you’ll need to properly register this person via the app, but it’s an excellent way to ensure your money is safe and secure.
PiggyVest will send you a “check-in” email once your account has been inactive for 18 months (this includes no withdrawals, new savings, or logins). It’s their method of checking in with you to make sure everything is alright.
They will then contact the Next of Kin you’ve listed if they don’t hear back from you or notice any action within four weeks of the initial email. The entire procedure is designed to be courteous and safe, ensuring that your money is safeguarded and that your loved ones can access it if needed. It’s all part of the PiggyVest financial wellness plan.
An important part of this initiative is ensuring that your next of kin information is accurate and up-to-date. PiggyVest strongly encourages users to spend a few minutes updating or filling in this information. Consider it a quick win for your future and mental well-being rather than a hassle. It’s a small step that helps protect your legacy and demonstrates PiggyVest’s dedication to your general well-being.
They even offer some useful guidance on choosing a reliable NOK. PiggyVest recommends picking someone reliable and trustworthy, such as your spouse, an adult child, a sibling, a parent, or a good friend. PiggyVest understands that handling your finances is a personal journey that is frequently strongly linked to the people you trust the most, as evidenced by this wise counsel.
Designating a Next of Kin (NOK) on your Piggyvest account is important to protect your financial legacy. You can easily add or update your NOK details within the app by navigating to your account settings and selecting the appropriate section for kin information. Here, you’ll be prompted to provide the full name, relationship, and contact details of the person you trust to manage your assets in your absence.
Piggyvest’s wellness check feature relies on accurate NOK information to provide financial access to your loved ones if your account becomes inactive for certain periods. By keeping your kin details up to date, you’re taking a proactive approach to safeguarding your funds and ensuring a smooth transition of your assets. Whether you choose a spouse, adult child, sibling, parent, or another trustworthy individual, designating a NOK gives you peace of mind that your legacy will be handled according to your wishes. Piggyvest’s commitment to security and transparency means your NOK will only be contacted after specific checks and periods of inactivity, ensuring your privacy and the safety of your funds.
If you are named as a beneficiary or Next of Kin (NOK) on a Piggyvest account, accessing the user’s funds is a clear and secure process, thanks to the wellness check initiative. When a Piggyvest account shows no activity—such as logins, withdrawals, or new savings—for a certain period, the company sends an initial email to the user. If there is no response within four weeks, Piggyvest will reach out to the designated NOK to verify the situation.
To provide financial access, the beneficiary will need to submit essential legal documents, such as a death certificate and a letter of administration. Once these are received and verified, Piggyvest’s support team will guide you through the steps to access the user’s account and manage their funds. This structured approach ensures that assets are transferred securely and transparently, minimizing stress during an already difficult time.
Piggyvest’s investment platform explained this process in detail to ensure users and their loved ones understand what to expect. The wellness check initiative is part of the company’s proactive approach to protecting users’ assets and providing financial access to beneficiaries. With a strong focus on security, transparency, and customer support, Piggyvest stands out as a trustworthy partner in safeguarding your financial legacy—even in the unfortunate event of a user’s passing.
Apart from the Wellness Check, PiggyVest’s huge success comes from other excellent tools it offers to help users with savings and investment in Nigeria. With features such as Piggybank, Safelock, Target Savings, Flex Naira, and Investify, millions of Nigerians can boost their financial growth.
It’s no surprise that PiggyVest user engagement has skyrocketed, thanks to the value of their services. In 2024, PiggyVest paid a staggering ₦835 billion to its users. Currently, the fintech company has over 5 million users and has processed more than ₦2 trillion through its system, including PiggyVest Business and PocketApp. By the end of 2024, customers’ Assets Under Management (AUM) had grown by 76%, with users saving an average of ₦44,000 every second!
In response to customer feedback on managing daily spending and making sure paychecks last longer, PiggyVest intends to launch a dedicated budgeting feature in 2025. This initiative, combined with a proactive approach to security and user legacy planning through strategies such as the PiggyVest Wellness Check, shows PiggyVest’s position as a pacesetter in providing financial wellness and transparency for its growing user base in Nigeria and beyond.
If you’ve used PiggyVest or have thoughts about its features and impact, feel free to leave a comment below to share your experience.
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