Hi guys, I will never ask you to text or Whatsapp me for anything. If you see any such comment, even with the picture being mine, offering you guides and numbers to call or whatsapp, kindly ignore and report that comment. It is scammers and bots trying to get to some of you. The right channels to reach me are always linked in the description box, that is, my website and email address.
As a Life Insurance Producer in the Diaspora and owner of five policies in my house, I have learned that our Kenyan People have a long way when it comes to understanding of Life Insurance. Let’s keep educating them.
Enlightening conversation as always. In the old times when there was job security it was easier to pay premiums over 15 years. Nowadays there is the challenge of a turbulent business environment. Hmmm! It is difficult to see three years ahead. However, this is not an excuse not to plan our finances better.
hahaha am one of those ones that signed up for an unit linked insurance because years ago when I got my first job, my dad sent his insurance agent my way .....3 years later I was more financially literate and cashed out the money( which was less than the contributions) and redirected it into in a balanced fund. Years went by and I was so happy to have made that decision as my funds really grew exponentially in the balanced fund.
Very enlightening conversation. I am now informed about the different types of life insurance policies. Continue impacting life through great insights. Much appreciated Coach.
Every crash/collapse/inflation/recession provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $800,000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
She appears to be a true expert in her field. I looked her up on the internet and discovered her website, which I browsed and read to learn more about her credentials, academic background, and career. She has a fiduciary duty to me to act in my best interests. I scheduled an appointment to utilize her services......
I he'd an insurance plan 15 years with sanlam but along the way I surrendered having heard enough of discouraging content. Please convince me our beloved coach ...I would really like to hear on the authenticity and genuineness of this thing.
What you took must have been an endowment policy which is a life insurance savings product. It is important to first understand the reason why you want a product, is it for growth or protection? It is best to separate the two. Endowment policies are a combination of both so the return won't be as good, neither will be the protection
Life insurance is genuine, just understand the reason of taking it,,see testimonials of those who have received maturities and can even call them to confirm.
The challenge with the life policies is that one always gets less the amount they put in incase they surrender before the duration of the policy. So why not save for yourself?
I live in California and its shocking to learn that at 60yrs you cannot get life insurance coverage in Kenya. 60yrs is still considered pretty young in US, people here work until their 70's and 80's as long as they are able to and they can get insurance coverage.
Don't listen to negativity,run your policy to maturity and you will enjoy at money plus interest ..The negative talk mostly comes from those who have no policies and are scared to take one (fear of the unknown)
Hi I took one for me and one for my son in 2016. It's for 12 years. I at some point wanted to surrender but when I learnt of the surrender value, I was discouraged to surrender. I took a small loan from my insurance policy and it saved me from an emergency. Can't wait to finish the next 4 years. So keep going and don't be discouraged.
Life insurance is not an Investment. It's not a scam. Ask for the policy document promptly. Read it end to end and never sign if you don't understand something in it, always ask.
The reason I believe it was a scam, I was paying well till I lost a job I was unable to pay for a while when I went back to continue, they were asking me to pay the failed month's. I was turned off
This is why it is important to understand how insurance works. Life insurance is a long term commitment. To prepare in the case of a job loss, always have an emergency fund because you can't stop your contract midway
When you don't pay for sometime,some companies may give you options: 1. Pay for failed months 2. Continue with the policy but increase the policy term with time lost 3. Continue with the policy and reduce sum assured since premiums paid will be lower than initially agreed on Ask questions and understand your can do's and can'ts and the consequences
How can it be a scam when people are killing others to get their money. Maybe knowledge about it is what is limited. I just want to know if final dividends are affected by changing economies like dedolarization or some other big change. Please give feedback on this will trully appreciate.
There are no dividends in life cover as it is not an investment. But in terms of payout, it is not affected by change in economy. The value may be but one can project that when calculating the sum assured or use indexation
Hey @Lerisque, who can help to set up a family trust and is it costly? Coz lawyers who deal with estate planning are more greedy than Insurance agents I assure you. Plz help. I can DM?
Hi guys, I will never ask you to text or Whatsapp me for anything. If you see any such comment, even with the picture being mine, offering you guides and numbers to call or whatsapp, kindly ignore and report that comment. It is scammers and bots trying to get to some of you. The right channels to reach me are always linked in the description box, that is, my website and email address.
Good job Susan!
As a Life Insurance Producer in the Diaspora and owner of five policies in my house, I have learned that our Kenyan People have a long way when it comes to understanding of Life Insurance. Let’s keep educating them.
Enlightening conversation as always. In the old times when there was job security it was easier to pay premiums over 15 years. Nowadays there is the challenge of a turbulent business environment. Hmmm! It is difficult to see three years ahead. However, this is not an excuse not to plan our finances better.
hahaha am one of those ones that signed up for an unit linked insurance because years ago when I got my first job, my dad sent his insurance agent my way .....3 years later I was more financially literate and cashed out the money( which was less than the contributions) and redirected it into in a balanced fund. Years went by and I was so happy to have made that decision as my funds really grew exponentially in the balanced fund.
So eye opening. Grateful for this conversation, so timely. Insurance for protection, investment for growth!
Very enlightening conversation. I am now informed about the different types of life insurance policies. Continue impacting life through great insights. Much appreciated Coach.
Always waiting for the Finance Friday, thank you Coach Susan.
Every crash/collapse/inflation/recession provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $800,000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Could you kindly leave your investment advisor's contact information here? I absolutely must have one........
She appears to be a true expert in her field. I looked her up on the internet and discovered her website, which I browsed and read to learn more about her credentials, academic background, and career. She has a fiduciary duty to me to act in my best interests. I scheduled an appointment to utilize her services......
I he'd an insurance plan 15 years with sanlam but along the way I surrendered having heard enough of discouraging content. Please convince me our beloved coach ...I would really like to hear on the authenticity and genuineness of this thing.
What you took must have been an endowment policy which is a life insurance savings product. It is important to first understand the reason why you want a product, is it for growth or protection? It is best to separate the two. Endowment policies are a combination of both so the return won't be as good, neither will be the protection
Life insurance is genuine, just use a solid and reputable company as well
Life insurance is genuine, just understand the reason of taking it,,see testimonials of those who have received maturities and can even call them to confirm.
The challenge with the life policies is that one always gets less the amount they put in incase they surrender before the duration of the policy. So why not save for yourself?
This is why they say separate insurance from savings and investments. Life insurance is not a good savings tool
@@godsblessed7113 I loooove this response! SPOT ON! 💯💯💯
@magdalenekiio6438 always separate insurance from savings from investments to get value for your money. All are important in your overall plan
Simple reason,breach of contract..Just run the policy to the end .
I feel heart broken with this story. May God protect the soul of this lady
This is content is so timely.
I live in California and its shocking to learn that at 60yrs you cannot get life insurance coverage in Kenya. 60yrs is still considered pretty young in US, people here work until their 70's and 80's as long as they are able to and they can get insurance coverage.
The mortality rate in Kenya is different from the US
I recently joined an insurance plan for 12 years but I am already having doubts and I feel like surrendering because of negativity I am hearing around
Don't listen to negativity,run your policy to maturity and you will enjoy at money plus interest ..The negative talk mostly comes from those who have no policies and are scared to take one (fear of the unknown)
Hi I took one for me and one for my son in 2016. It's for 12 years. I at some point wanted to surrender but when I learnt of the surrender value, I was discouraged to surrender. I took a small loan from my insurance policy and it saved me from an emergency. Can't wait to finish the next 4 years. So keep going and don't be discouraged.
I took a life cover with old mutual.
Also last expense cover came through when my father died really helped.
How was it?
Thanks for this content, every time.
Absolutely brilliant, ladies. Keep it up!
Thank you Gitahi!
Life insurance is not an Investment. It's not a scam. Ask for the policy document promptly. Read it end to end and never sign if you don't understand something in it, always ask.
You are right ✅️
The reason I believe it was a scam, I was paying well till I lost a job I was unable to pay for a while when I went back to continue, they were asking me to pay the failed month's. I was turned off
This is why it is important to understand how insurance works. Life insurance is a long term commitment. To prepare in the case of a job loss, always have an emergency fund because you can't stop your contract midway
@@lerisqueafrica so true. there is soo much mis information, a contract is a contract and doesn't change when job loss happens.
When you don't pay for sometime,some companies may give you options:
1. Pay for failed months
2. Continue with the policy but increase the policy term with time lost
3. Continue with the policy and reduce sum assured since premiums paid will be lower than initially agreed on
Ask questions and understand your can do's and can'ts and the consequences
Thanks. Very informative
How can it be a scam when people are killing others to get their money. Maybe knowledge about it is what is limited. I just want to know if final dividends are affected by changing economies like dedolarization or some other big change. Please give feedback on this will trully appreciate.
There are no dividends in life cover as it is not an investment. But in terms of payout, it is not affected by change in economy. The value may be but one can project that when calculating the sum assured or use indexation
Hey @Lerisque, who can help to set up a family trust and is it costly? Coz lawyers who deal with estate planning are more greedy than Insurance agents I assure you. Plz help. I can DM?
The best thing to do is to open a holding company rather as opposed to a trust. No ond can challenge shareholding
Am enlighten ❤
Lovely content as always
That's a big NO! Coach this is a NO DEAL.
I don't get it, what is the NO DEAL about. This was so insightful
I am curious, have you had a bad experience? Please share 🙏
This is good stuff.
volume was really low for this video
Definitely a scam after mortgages
Sam Sam Sam!
Av seem many being killed for the life cover.