Educator Plan


Secure your child’s future – no matter what. The Educator Plan is designed as a savings and protection plan to provide for the future education needs of your child, ensuring you will have the money to meet any critical educational needs in future.


WHAT IS THE EDUCATOR PLAN?

  • A life insurance product that offers you savings and protection.  
  • Cover can start from as early as 3 months old.
  • The plan runs from 10 to 20 years.
  • Get additional benefits like extra life cover, accidental benefits and premium waivers.
  • Benefits are paid in five stages:                                  


FIRST: 14% of sum assured paid 4 years before the end of the policy term                                                        

SECOND: 14% of sum assured paid 3 years before the end of the policy term                                                   

THIRD: 14% of sum assured paid 2 years before the end of the policy term                                                       

FOURTH: 14% of sum assured paid 1 year before the end of the policy term                                                     

FINAL: 50% of sum assured plus accumulated bonuses is made at the end of the policy term                 

                                      

NOTE: In case of accidental or natural death, a death benefit of the full cover amount plus accumulated bonuses is payable.

BENEFITS OF THE EDUCATOR PLAN                         

  • Earn policy bonuses at each policy anniversary.
  • Death benefits are 100% of the sum assured plus any accumulated bonuses.
  • Enhance your policy benefits at reduced rates using Optional Cover.
  • Can be used as security: Take a loan against the accumulated value of the policy from Liberty Life or other financial institutions.
  • Flexible premium payment modes: Annual, Semi-annual, Quarterly and Monthly.
  • Receive a premium discount: Two (2) month’s premium discounts when premiums are paid annually and One (1) month premium discount when premiums are paid semi-annually.
  • Annual Insurance relief of 15% of gross premiums paid or KES 60 000, whichever is lesser.                                                          

Pay in a number of ways: Salary Deduction, Bankers Order, Standing Order, Cheque, Mpesa, Debit Cards or Credit Cards.

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