Choosing the best life insurance policy in Kenya
Different people have different needs when it comes to choosing an appropriate life insurance policy in Kenya. To choose the best life insurance policy, you to solicit the assistance of a competent and qualified life insurance agent in Kenya so that they can guide you appropriately through the process of getting life insurance. At Amssurity we can assist you to outline what your needs and wants are in order to choose the best life insurance policy. These policies help in assisting your family in the event you pass abruptly or in the event of diagnosis of a critical illness:
There are several types of life insurance in Kenya including:
- Term insurance /Endowmwnent life insurance
- Whole life insurance.
- Education insurance.
Term Life
Term insurance plans in Kenya are popularly known as endowment plans. They have two ways in which they pay. It can be a maturity benefit at expiry or a death benefit.
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Whol life insurance in Kenya is the opposite of the term life. It does not have an expiry date and only pays out in the event of death of the person insured.
READ MOREEducation Life Insurance
Just like the name suggests, it is a life insurance plan taken as a savings plan as well as a protection plan in preparation for the education of your children.
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