Our Life Insurance Covers
We offer life insurance that provides a financial safety net and peace of mind, ensuring that loved ones are protected and financially supported after the insured person’s unfortunate death. It serves as a means to provide financial stability, cover outstanding debts, funeral expenses, and education costs for the children, and maintain the standard of living for the family left behind.
Endowment Policies
An endowment policy offers a combination of insurance coverage and savings. It provides either a guaranteed lump sum or partial payment upon the policy’s maturity or in the event you lose your life. You pay regular premiums either monthly, quarterly, semi-annually, or annually. At the end of the policy term, you receive the maturity benefit, which includes an accumulated cash value and any bonuses or investment returns. If the event you pass away during the policy term, your beneficiaries receive a death benefit. Endowment policies have a fixed term, a cash value component that grows over time, and offer guaranteed payouts. They serve as a means to provide both financial protection and a savings vehicle for long-term goals.
Whole Life Policies
Whole life insurance is a type of permanent life insurance that provides coverage for your entire lifetime. It offers a guaranteed death benefit to your beneficiaries upon your passing on. Whole life insurance policies also have a cash value component of up to Ksh. 150M that grows over time. The policy comes with additional protection benefits against critical illnesses such as cancer, heart attack, coma, stroke, paralysis, coronary artery bypass graft surgery, and major organ transplant. Premiums are paid for only ten years, but the cover is for life. It offers lifelong financial protection and can be used for your estate planning, wealth transfer to your loved ones, and income protection.
Education Policies
Education policies are financial products that allow you to save for your child’s education expenses while also providing life insurance coverage. By making regular premium payments, you can financially prepare for your child’s education over a specific period of time. These policies offer cash payouts, tax benefits, and a death benefit to named beneficiaries in the unfortunate event of your passing. Education policies help ease the financial burden of education and ensure that funds are available when needed. They provide peace of mind by guaranteeing your child’s education, even in challenging circumstances like critical illness or premature death.
Last Expense
The cost of a dignified and respectful send-off can cause enormous financial stress, adding to the emotional strain of losing a loved one. Last Expense policies provide financial support to cover funeral and burial expenses in the event of your family member’s death. These policies offer you immediate cash payout and relieve the burden of funeral costs, helping your family to navigate the emotional and financial challenges during such difficult times. The coverage amount typically ranges from Ksh. 100,000 to 800,000 and can be customized to cover both nuclear and extended family members. By having a Last Expense cover, you will have peace of mind and you ensure that your family gives a dignified farewell to your loved ones without the added financial strain on the family.
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Contact Info
- 4th floor, Titan Complex Building along Chaka Road, Nairobi - Kenya.
- P. O. Box 70269 - 00400 Nairobi
- info@wyslineinsurance.co.ke
- +254 725 207 270 | +254 731 207 270
- Mon - Sat (07:00 am - 5:00 pm)
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