LifeVest Plan


The Plan LifeVest is an innovative solution that gets you started on your way to investing for your future with a personalised portfolio where you decide how much you want to invest, where and how often. We designed the plan to fit your risk appetite, whether Conservative, Aggressive or Moderate. The sum of your premiums plus interest earned will be the total amount of your fund value.

You can also track your monthly performance, increase your life cover or add death, disability and critical illness protection.

 

Fund Factsheet

 

The LifeVest fund fact sheets allow you to make an informed decision by giving you all the information you need to understand how the fund works, what investments are being made and the performance of the fund over time.

Lifevest Old – Policies commencing before February 2011 : Download Factsheet

Lifevest New – Policies that commenced from February 2011 to date. Download Factsheet

 

Features

Absolute Flexibility

You select the investment portfolio you want; Conservative, Aggressive or Moderate (mix of Conservative and Aggressive) and Cash Portfolio.

  • Conservative Fund: This fund targets investors with a low appetite for risk who do not want significant investment risk.
  • Aggressive Fund: This fund targets investors with a high appetite for risk and a long-term horizon and can withstand volatilities associated with equities in the short term.
  • Cash Portfolio: The portfolio targets investors aiming for stable and consistent investment returns offering capital preservation. The fund invests most of its assets in low-risk, short-term investments.
  • Moderate Fund: This fund targets investors who have a medium appetite for risk and a medium-term horizon and hence can withstand volatilities associated with equities in the short term.
  • The benefit pays out on the maturity date of the policy

  • The policy includes basic life cover of KShs. 100,000. In the event of death, the amount payable is the greater of Kshs. 100,000 or the accumulated fund value

  • Optional life and disability protection provides a lump sum benefit of up to KShs.10 million in case of death, critical illness, or total permanent disability

  • Maximum Critical Illness is 30% of the life cover benefit. The cease age for this benefit is 65 years.

  • The minimum entry age is 18 years, while the maximum is 80 years for the savings benefit

  • The policy will be available for sale for 7 to 20 years for the regular premium and 5 to 20 years for the lumpsum/once-off premium.

  • For monthly premiums below KShs.5,000, the conservative portfolio will be the only investment option


 

  • You decide the amount you can pay at the frequency you choose.

  • You select the investment portfolio you want; Conservative, Aggressive or Moderate (a mix of Conservative and Aggressive)

  • For monthly premiums below KShs. 5,000, the Conservative Portfolio will be the only investment option.

  • You can track your monthly performance and change the portfolio yearly.

  • You have access to up to 25% of the fund once a year from the 13 month of cover.

  • You can increase or decrease your premiums in line with your needs but not to less than Kshs. 2,500 per month.

  • You can choose to protect yourself against death, disability and critical illness or take additional life cover depending on your needs.

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