Life Policy Archives -

Get an Education Insurance Policy Quote in Kenya: Secure Your Child’s Academic Future

Fill the education insurance policy quote form below to receive a personalised education savings plan that aligns with your financial goals for both CBE and IGCSE/International curriculum systems. Education Savings Plan Quote Request Please submit your child’s exact educational details below. A customized education savings plan proposal will be structured and sent directly to your […]

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Britam Life Insurance Packages: Features, Premiums, and How to Choose the Right Plan

As we do financial planning, we are all looking for different financial solutions. Some of us are looking to secure our family’s future, others to grow wealth for a target goal, or preserve an estate, and so on. Financial planning is not a one-size-fits-all endeavour. Britam recognises this and for that reason, the insurer provides

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Endowment Policy vs. Term Life Insurance in Kenya: Savings or Pure Protection

As I interact with my clients there is a question I get all the time, “should I take an endowment policy or term life insurance?”. I usually do not struggle to answer this question since I quickly pose another question to them, “are you looking for a savings plan with life protection or pure life

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Britam Akiba Savings Plan: An In-Depth Analysis | Get a Quote

Britam Akiba Savings Plan is a life insurance savings plan. It is an endowment policy with profits, but guaranteed profits and that is the strength of this cash value life insurance. Besides a savings plan, it also includes life protection. Your savings contributions plus the savings returns are guaranteed regardless of the turn your life

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Endowment Policy With Profits versus Without Profits in Kenya: Deciding Between Market-Driven Bonuses and Guaranteed Savings Plans

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

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Endowment Policy vs Whole Life Insurance: Savings Goal vs Lifelong Legacy

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

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How an Endowment Policy in Kenya Actually Works: The Fine Print

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

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Life Insurance for Family Protection: Securing Their Future

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

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Term Life Insurance in Kenya: Affordable Protection for Your Family

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,

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Term vs Whole Life Insurance in Kenya: Which One is Right for You?

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

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