My fren @ahmednasirlaw you can't understand this. That's Police HQ Langas. I planted trees
and delivered 3.6M for renovation works. The usual green uniform symbolizes environment conservation. Red carpet scholars like you can't understand what's happening in the streets. Relax!
The only difference is the time to be take to meet a certain need.
All investment are good if they meet a need at that particular time you wanted. @inyangefred
@alexmwanzo@kahome_steve I believe the only time one can say that they made a bad investment is when the time and need to use that investment for reaches and they can not be able to meet that need.
In short there is no bad or good investment.
@alexmwanzo When a policy reaches 3 years ,
1) the life policy acquires surrender value.
2) You can change it to paid up policy.
3) you can change it to a partial pay out plan.
Surrender value is where one wants to do away with the policy, this is a loose
Let me get this straight
So you are saying if ive been paying (say 10k )monthly for insurance-education policy for the last 3 years and i lose my job today and suddenly cant continue paying i get nothing back from my money?
Or if God forbid i lose my toi i still need to pay?
It will be reduced to 500k , so that the policy holder can continue to enjoy protection and interest earning until maturity of the policy.
A policy is very flexible that you can change it to another plan depending with the company you took the plan with.
Got in. So all that cost part of it will be transferred to you also and remember as a business the insurance loose alot than you.
So this is the option you took, and am very sure the other option of paid up was given and you over looked it. @inyangefred
@6footBarefoot once you purchase any life policy that has an investment option on it, you are given two things. A life cover for you as a contributor and at the same time investment. The Insurance to protect you it has to reinsure you so that
ICEA will entice you to join their life insurance policy mambos. Unalipa lipa and when your job ends uwaambie huwezi endelea mambo inachemka.
Someone explain to me how you've saved 190k with them and they give you 48k, the rest inaoga hivyo. Ukiona hii na ukona jibu niambie.
When a policy reaches the 3rd year it acquires either surrender value or converted to a paid up policy.
Surrender value Which means in a mwanainchi language that you don't care of the reinsurance, underwriting and the other cost that the Insurance