Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Why Insurance Is a SCAM In Kenya!
How often have you heard the statement 'insurance is a scam?'
If you visit Facebook and view insurance discussions, you'll see numerous complaints.
But why do Kenyans label insurance as a scam?
1️⃣ Ghosted By an Agent
Some of the Kenyans who label insurance as a scam bought the covers from unknown agents.
And once they bought the protections, they never met the agents again.
Should this be the case?
Well no, because a good agent should be available to help you navigate your protection journey.
Anytime you have questions, you should request their guidance and clarification.
2️⃣ The Dubious Insurance Plan
Purchasing a protection cover is not wrong however paying for a 15-year education plan is inconvenient if your child needs to enroll in a school after 5 years.
Such plans are dubious as they gather money from you and benefit the company instead of your child.
As a result, you should only purchase an insurance plan that meets your needs.
Don't just settle for any insurance plan!
3️⃣ The Vague Policy(Contract)
Do you understand everything stated in the policy?
Or are there vague issues that may be used against you?
Before you sign an insurance policy, you should ensure the vital elements are clear.
Learn about the grace period, sum assured, and term of cover, among other key determinants of your insurance compensation.
4️⃣ Unfulfilled Policy Terms and Conditions
Here the SCAM is usually self-inflicted.
A typical situation is when one fails to pay premiums as stated in the policy.
If the policy states you'll not receive the sum assured when you fail to pay premiums then you'll not get the payment.
That's why it's vital to read the terms and conditions and confirm you can fulfill them so as not to lose your money.
Have you or someone you know been scammed before?
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Death Never Knocks!
Does it ever bother you that death never knocks nor alerts anyone that it is coming?
Quite sad, right?
But even more sad is that we know it is coming. Leaving our loved ones with financial burdens for our send-off can overwhelm them.
Since death never knocks, most loved ones are found off-guard when a family member dies.
Sometimes they don’t have the funds to give them a good send-off throwing them into a panic
Having your partner apply for debt to give you a send-off is devastating!
Having your children grieve your loss while confused about how to raise money for your last honors is desolate.
But wait - does death have to come with emotional pain and financial strain?
Well, no because the last expense cover allows you to insure against the risk of death.
It provides you with as little as Kes 400 monthly premium rate going upwards depending on the payoff you would want to receive.
Let’s help our loved ones focus on their emotional well-being instead of financial challenges.
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Stop Building Wealth on Shaky Ground: Get Protected First!
Let me be real with you;
– You’ve likely been building your financial house upside down.
Instead of laying a strong foundation, you're starting from the roof.
You've probably invested in things like:
✅ Bonds
✅ Stocks
✅ Unit Trusts
✅ REITs
✅ Savings
✅ Home Ownership
✅ Business
✅ Forex, Futures, cryptocurrencies
While these are great ways to build wealth, ask yourself;
– Have you secured a safety net for the unexpected?
Imagine one unforeseen event – Illness, Disability, Accident, or Death– wipes out everything you've built.
All your hard-earned investments could vanish overnight because the accelerator of wealth wasn’t well grounded.
So, what should you do? 🚀
Start with the foundation.
A solid protection portfolio is what will shield you when life throws curveballs.
It ensures that no matter what happens, you're covered, your children’s education is secured, and your retirement is taken care of.
Most people overlook this step, but it's the core of smart financial planning.
If you want your house (your wealth) to stand tall, your foundation needs to be deep.
Here’s your starting point:
1️⃣ Emergency Fund
2️⃣ Health Insurance
3️⃣ Life Insurance
4️⃣ Critical Illness Insurance
5️⃣ Disability Insurance
6️⃣ Retirement Fund
7️⃣ Education Fund
Once your foundation is secure, you’re free to invest and grow your assets with confidence. 🔐
Don’t put the cart before the horse – protect what you’re building before trying to grow it.
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The Debt From a Funeral Ceremony
Being young, some encounters never seemed as serious as we were under our parents' care.
We never knew the impact of some financial decisions until we grew up and got hit by reality.
After watching a few neighbors during my early years deal with debt after burying their loved ones, I thought it was a normal thing.
The part where a ‘chama’ would loan a member some money for some arrangements seemed quite normal.
But now that I’m older and have had close conversations with people who are left with debts from send-offs on top of medical bills, it hits me that debt from a funeral ceremony is a problem in society.
So, once we are left by our loved ones with debt from their send-offs, are we to focus on healing, finding means to sustain our livelihoods, or repaying the debt from a funeral ceremony?
When someone opens up and breaks down about their loss, it’s painful. But when the person goes ahead to express they don’t know how to pay a last expense debt it’s devastating.
Can we avoid adding more pain to the loss of a loved one? Yes!
But how? Find out whether a last expense cover is a good fit for you and your loved ones.
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Last Expense Cover: Single vs Multiple
In an attempt to have a good send-off for oneself and loved ones, financially savvy people have embraced the last expense cover.
Some of the questions I receive include the following:
Will a last expense cover pay for my family members’ last honors?
Can I find a last respect cover for a single family member?
How many family members can be covered by the last expense cover?
There exist two options:
1. Single Claim Cover
This cover type pays the sum assured when the first death in a family happens within 12 months of policy payments or renewal.
Note that the member must be among the individuals covered by the last expense cover.
Once this payment is made, your cover expires and you must renew it to cover the rest of the family members.
2. Multiple Claim Cover
The multiple claim cover pays the agreed amount when any insured family dies within 12 months of premium payment or renewal.
However, it’s good to note that claims are limited to 3 times mostly.
Need more clarification on the last expense cover options?
Shoot your question and I will help you figure out what it all entails.
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The Secret of The Rich and Their Children’s Education
Have you ever asked yourself why wealthy people have quite an organized life that paves the way for their children in the future?
It’s not an accident or a coincidence!
Famously known as trust fund babies, from the time of their birth their parents make arrangements for different aspects of their lives, including:
👉 Health
👉 Education
👉 Careers
👉 Investments
👉 Savings
Today I want to shed some light on education and the rich.
Wealthy people protect and invest heavily in their children's education, securing education plans that cater to all academic expenses.
With these plans, they give their children access to the best facilities, resources, and options.
A good example I’ve witnessed; some find their way to international swimming competitions while others secure world-class scholarships.
Remember quality education sets up your child for success.
But there is also more: the network!
Enrolling the children in an excellent school means they will interact with children of entrepreneurs, politicians, and other wealthy people.
This helps them create worthwhile relationships that help them transition into their careers smoothly.
How can you give your child an advantage in their education and provide them with a head start in life too?
Finding an education policy that meets your child’s academic needs and timelines is the way to go.
With the right education policy, you can help your child pursue their dreams seamlessly!
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Have You Heard of Last Expense Cover?
Last honors can be quite expensive as they involve numerous arrangements.
Some families are stuck where to start when a loved one passes on.
And, sadly, they have to deal with the emotional, psychological, and financial part of it.
That’s the reason why wealthy people choose to have a protection cover known as the last expense cover.
So, what’s the last expense cover?
A last expense cover is a financial tool where you pay premiums and receive a cash benefit within 48 hours of the demise of an insured family member.
Typically, the cover lasts 12 months so it has to be renewed annually at your will.
The most astonishing fact about it is that there are options that require a premium of as low as KES 400 monthly. Well, below your NHIF!
You know the part where you have to borrow from people in times of loss? I know it’s tough and overwhelming.
Last expense cover helps you escape this and lifts fundraising burdens from family, friends, and colleagues.
Remember, we can never place the entire burden of a send-off on our friends or well-wishers.
Have you seen families struggling to raise send-off funds?
Could Kes 400 monthly in a year save them this hassle?
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Have You Seen This?
With just a quick search on social media platforms, you will see posts of loved ones narrating how heartbroken they are after losing their father/mother.
The sad thing is that the story doesn’t end there, they go ahead to express how they’ve been left in a financial crisis.
But wait a minute, is it that the deceased could not take a protection plan?
Myths hold back most breadwinners from planning ahead for their dependents.
Here are 4 myths that can hold you back from securing a good future for your family:
👉 I Cannot Afford It
Most of us overestimate the cost of life insurance by 5 or more times!
👉 I Don’t Need It
Do you know how many dependents would suffer if primary breadwinners were to die?
Just check around and you will notice how bad the situation is - it’s that bad!
👉 I Have Group Life Insurance
But is the group life insurance enough to suffice your loved ones when you leave?
👉 Securing One Is Complicated
When you needed life insurance before, you had to undergo a rigorous process, including a medical examination.
But today it’s as simple as finding the right insurer and completing the documents.
So, do you have life insurance for your loved ones?
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Left Behind: Building a Safe Future For Our Children!
The mortality rate in Kenya as of 2023 stood at 301.54 per 1,000 female adults and 407.93 per 1,000 male adults.
Amongst the men who left their families behind, a very small percentage left life insurance coverage to help their families.
And for the female breadwinners that passed on very few had life insurance covers for their families.
Considering that individual and collective life insurance contributes to 16.67% of the entire insurance Kenyan market, the plan for our children is wanting.
While leaving parcels of land or businesses is a great idea, it’s necessary to plan for your children’s upbringing way before especially if you are an employee.
I’m sure you’ve also witnessed relatives fighting and taking property from children and their mothers when the father dies.
In the case where there was no will, these children are left in poverty struggling to get even the smallest basic needs.
But how does life insurance come into play here Alex?
Life insurance cannot be challenged not even by the court. Whoever you write as the beneficiary is given the compensation.
So, do you have a plan for your children in case you leave?
If not, talk to your financial and protection coach for assistance in finding the right cover for you and your loved ones.
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Andrew’s Tale: From 100 To Zero!
As a permanent employee, Andrew didn't find it necessary to seek protection plans.
He provided his family with a comfortable lifestyle that most of us envy.
Andrew took his children to a prestigious school with quality education standards that any of us would like our children to enjoy.
He made tuition fee payments on time, and provision for other requirements such as swimming and soccer sports training.
After all, these are some of the games paving the way for learners in international competitions and scholarships to the best universities.
Andrew lived with his family in a posh estate in the city never failing to settle rent payments on time.
His life was enviable; a man in control of his life, giving his children the best.
Unfortunately, his workplace began to experience financial challenges and while they seemed small after 6 months things were escalating really badly.
The company was making consistent losses - when any business faces economic or competition challenges for a long time the returns decrease drastically.
The layoffs began happening in the next 3 months with the company letting go of junior staff.
As one of the senior staff Andrew maintained his job for a short time before the company closed down.
How was Andrew going to sort his family bills?
How was he going to settle his children's school fees?
Without an education plan, Andrew had to move his children from the posh estate to a cheap rental space but worse still transfer them to a cheaper school with average standards.
With an education plan, Andrew could have settled his children's fees easily allowing them to resume their studies as he looked for a job.
Education Plan helps your child have a smooth academic journey regardless of your state.
Talk to your finance and protection expert to identify the most suitable education plan for your children.
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⚒ Cent Warrior: Forging Financial Freedom, One Cent at a Time.
📑The 3MP Money Formula (Make, Manage, Multiply & Protect Money)
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The Cent Warriors Tribe is a group of non-comformists who are ready to challenge conventional thought in pursuit of financial freedom.
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