Single Premium LifeVest Plan


A rewarding life is about setting goals, dreaming big and controlling one’s destiny. It could be buying your first house, starting a family or planning for your child’s education. But you need to save to reach your dreams, and it’s better to start early. With the Single Premium LifeVest Plan, you can set aside a lump sum amount for a future goal.

 

THE SINGLE PREMIUM LIFEVEST PLAN LETS YOU:

  • Lock in your savings for a fixed period of time
  • Invest in specific portfolios of your choice.
  • Track your own monthly performance and change your portfolio.
  • Increase your life cover and add life cover products when you need to.

 

HOW TO INVEST WITH THE SINGLE PREMIUM LIFEVEST PLAN:

  • Decide how much to invest: minimum premium: KES 150,000
  • Choose the type of investment fund that suits you: Conservative, Aggressive or Balanced portfolio (a mix of Conservative & Aggressive)
  • Choose an investment term: between 7 and 30 years (minimum 10 years is recommended)

SINGLE PREMIUM LIFEVEST PLAN BENEFITS:

  • Tax efficient way to invest a lump sum amount
  • Allows for additional ad-hoc investments during the term of the policy (Min. KES 10,000)
  • Access up to 25% of the fund once a year: after the 5th year of the policy.
  • The policy includes basic life cover of KES 100 000.
     

PLEASE NOTE:

  • This is a unit-linked product: which means that the fund value is linked to an underlying asset performance.
  • Appropriate charges are deducted from the unit fund and are subject to review by the company.

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