Life Policy Archives - Page 2 of 3 -

Whole Life Insurance in Kenya: Benefits, Costs, and Key Features Explained

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 […]

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Best 10-Year Investment Insurance Plans in Kenya: Returns, Fees & Tax Relief Compared

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

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Education Policy or Money Market Fund Which Should You Pick For Education Planning in Kenya

Best Savings Plans for Young Professionals in Kenya: MMFs, Saccos, and the Power of Endowments

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

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Types of life Insurance Policies in Kenya

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

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Best Education Insurance Policies for CBE in Kenya: How to Build Your Child’s Fund

With the transition to the Competency-Based Education (CBE) in Kenya, a parent might wonder whether there are specific education insurance policies designed for this new system? And more importantly, if they do, how do you actually build an effective education fund with them to cover CBE school fees and related costs. I have good news from

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Best Education Insurance for International Schools in Kenya (A Parent’s Guide)

Choosing an international curriculum (British Curriculum/IGCSE, IB, or American Curriculum) in Kenya offers your child a massive global advantage. However, it requires an equally serious, intentional long-term financial roadmap. Unlike the Kenya national curriculum, the Competency Based Education (CBE), elite international schools feature fee schedules that scale sharply as children enter candidate classes. Annual day

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Best Endowment Policies In Kenya: A Comparison

I assume you are here because you are looking for a disciplined way to save for a major milestone (buying land, building a home, building an education fund, starting a business) without exposing your capital to aggressive stock market volatility. That is exactly what endowment policies do. An endowment policy gives you 3 things: guaranteed

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Pension Options At Retirement in Kenya Annuities & Income Drawdown Explained

Money Back Life Insurance Policy in Kenya: How It Works and Is It Worth It?

A money back life insurance policy is a type of cash value life insurance, combining life protection and savings with periodic payouts while the policy is still running. It is also known as the anticipated endowment policy. Instead of waiting for the full payout at maturity, the insurer keeps sending some payouts to a policyholder

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Britam Msingi Poa Review: Is This the Best Way to Save for School Fees?

The rising cost of education in Kenya, year after year, due to inflation, curriculum systems changes, and change of education structure such as advancement in education related technology, continues to exert financial pressure on parents creating untold anxiety. Britam Msingi Poa education policy is one of the education savings plans with life protection seeking to

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Cash Value Life Insurance Policy in Kenya: How It Works and Is It Worth It?

Cash value life insurance policy in Kenya is less used naturally. Kenyans are more familiar with endowment policies, Investment-linked insurance plans, whole life policies, education policies, and savings plans with insurance benefits. All those terms fall under the cash value life insurance policy, as we shall see later on in this article as we bridge

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