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Life Assurance

Protect What Matters Most

Life is unpredictable—but securing your family's future doesn't have to be.

Life assurance provides your loved ones with financial protection and peace of mind in the event of your death or serious illness.

Whether you're looking for lifelong cover, short-term protection, savings-linked policies, or funeral support, there's a solution tailored to your needs.

Life Assurance vs. Life Insurance – What’s the Difference?

Insurance protects against things that might happen (e.g. car theft).

Assurance covers something that will happen (e.g. death).

So while car insurance pays if your car is stolen, life assurance guarantees a payout—because death is a certainty. That’s why we say life assurance, not life insurance.

Whole of Life Assurance

Lifelong Protection. Guaranteed Payout.

A Whole of Life policy guarantees a payout to your beneficiaries when you pass away—whenever that may be—as long as the policy is active. It's a long-term plan for peace of mind and estate planning.

Key Features:

  • Lifelong cover after limited premium payment years (e.g. 10–20 years)
  • Lump sum benefit paid upon death
  • Optional critical illness and disability cover
  • Tax relief available (subject to local laws)
  • No medical exam needed for lower sums (e.g. under KES 5M)
 

Term Life Assurance

Affordable Cover for Key Life Stages

This cover protects your loved ones during specific years—when financial responsibilities are highest (e.g. mortgage, education, young children).

Key Features:

Choose a fixed term (e.g. 10, 15, 20 years)

Lump sum benefit paid if death occurs during term

Lower premiums compared to permanent cover

Flexible payment modes

 

Endowment Policy

Savings + Protection in One Policy

An endowment policy provides life cover with a savings component. If you survive the policy term, you receive the full payout (plus bonuses, if applicable).

Key Features:

  • Guaranteed benefit on death or maturity
  • Ideal for education, homeownership, or retirement planning
  • Bonuses may be added annually

Two Types:

  1. With Profits: One payout at the end + annual bonuses
  2. Anticipated Endowment: Partial payouts during the policy + smaller final benefit
 

Group Life Assurance

Protecting Employees or Group Members

Group Life Assurance is typically arranged by employers, schools, or associations to cover members under one policy.

Key Features:

  • Lump sum benefit if a covered member dies while in service
  • Optional permanent disability benefit
  • Flexible to include as part of employee benefits
  • Annual renewable cover
 

Funeral Insurance 

Dignified Farewell

Ease the burden on your loved ones during a difficult time. This policy offers a quick, tax-free payout to cover funeral costs and more.

FAQs:

1. What does it cover?
Pays a lump sum upon your death, usually within 48 hours of claim.

2. Can I cover my family too?
Yes—most plans include spouses, children, and parents.

3. How much does it cost?
From as little as KES 100/month (approx. 1.5% of your chosen cover).

4. Is the payout limited to funeral costs?
No—it can be used for any purpose: bills, debt, or family support.

5. What happens if I miss a payment?
Grace periods apply—usually 15–30 days (check your policy).

 

Ready to Protect What Matters Most?

Whether you're planning for your family's future, building savings, or seeking cover for your team, it starts with the right assurance.

Start protecting your loved ones today — contact Wealthwise Nexus and secure the peace of mind you all deserve.

Get in touch now