In Kenya, we have different types of endowment policies. They are meant to serve different purposes or needs and different types of clients. Long-term savings come with certain financial goals. Such goals include buying a land or house, educating your children, and building a retirement fund. Each of those long-term goals may be best achieved […]
When we compare endowment policy versus whole life insurance, we are comparing savings goals and lifelong legacy for your family. However, it is not that simple because an endowment policy will play both roles comfortably though there is a specific solution designed purely for lifelong family legacy and that solution is whole life Insurance. The main difference between
Endowment Policy vs Whole Life Insurance: Savings Goal vs Lifelong Legacy Read More »
Since you are here, it is with certainty that you know something about endowment policies. It is also clear that you need some clarification about them before you enroll in one. The information that is available everywhere about endowment policies in Kenya simply define them as “savings accounts with free life insurance”. Yes, they are
How an Endowment Policy in Kenya Actually Works: The Fine Print Read More »
As parents or providers, our top priority is to create peace of mind for our families. We want to provide them a good, quality life backed on financial security. We must, therefore, strive to maintain and improve the financial position of our families. The superior way to do this is to adopt life insurance for
Life Insurance for Family Protection: Securing Their Future Read More »
What would happen to your family’s standard of living, school fees, mortgage, if your income suddenly disappears? These are the situations whole life and term life insurance come to solve. In a previous article, I have extensively discussed whole life insurance. Today, I will discuss term life insurance in Kenya, what it covers, how premiums are calculated,
Term Life Insurance in Kenya: Affordable Protection for Your Family Read More »
Kenyans looking to protect their family’s financial future get stuck at the very first hurdle. Choosing between Term Life and Whole Life Insurance. Both do the same thing, protect families from financial ruin, especially when the bread winner is gone. However, term life insurance has a lower price tag and is temporary while whole life
Term vs Whole Life Insurance in Kenya: Which One is Right for You? Read More »
Whole life insurance in Kenya is a permanent life insurance that is designed to financially protect families, especially when the bread winner passes away. You have seen it everywhere in Kenya. When a breadwinner passes on, families are left in financial ruin and the only reasonable thing is to seek fiancial help from relatives and
Whole Life Insurance in Kenya: Benefits, Costs, and Key Features Explained Read More »
Traditional bank savings accounts have lost their meaning. They no longer hold the same status they had, especially after Covid-19 with the popularity of Money Market Fund and investment-linked (unit-linked) life insurance. Traditional bank savings accounts lose money to inflation. Though they are highly liquid, investments such as the MMFs and unit-linked life insurance are
Best 10-Year Investment Insurance Plans in Kenya: Returns, Fees & Tax Relief Compared Read More »
Young professionals in Kenya really struggle to save. You might be earning “good” income, but you are facing high inflation, a volatile economy, and serious temptation to lifestyle creep (spending money as fast as it comes). Despite all these challenges, you must look for a way to put some money aside to fund your current
We, Kenyans, are shifting toward personal financial planning rather than relying solely on NSSF or social safety nets like “chamas” simply because we are now more informed and there are better alternatives, life insurance being a superior alternative. Life insurance policies are superior because they offer cash value (money) and protection, helping you reach your
Types of life Insurance Policies in Kenya Read More »
