Families often aim to leave a meaningful legacy for their children. But life’s uncertainties can easily derail even the most carefully laid financial plans.
Traditional insurance policies typically run for a fixed term and end when the term expires, leaving gaps in coverage.
A growing number of customers are, however, turning to a special plan from Britam designed to provide lifelong cover and manage wealth transfer, with payouts of up to KSh100 million for beneficiaries.
How the Whole Life Insurance Works
The Whole Life Insurance product is designed to provide long-term financial protection through a simple, flexible system.
How does that work? It’s simple:
- Policyholders choose either a single lump-sum payment or monthly premiums starting from KSh3,000.
- Coverage can go up to KSh100 million depending on the plan selected.
- Customers select a payment period of either 10, 15, or 20 years.
- After the payment period ends, contributions stop, but the cover continues for life.
Also Read: Britam Launches Wealth Transfer Plan Offering Customers Up to KSh100 Million Benefit
If a policyholder is diagnosed with a critical illness or suffers permanent disability, the policy allows immediate access to up to 30 percent of the total cover.
Once this benefit is used, all future premiums are waived, ensuring continued protection without financial pressure during recovery.
The plan can also be customized with optional benefits, including funeral expense coverage, critical illness protection, permanent disability coverage, and premium waivers in the event of retrenchment, serious illness, or permanent disability. These additions enhance financial security during unexpected life events.
Upon the death of the policyholder, beneficiaries receive a guaranteed tax-free payout. This ensures long-term financial support for dependents when it is most needed.
What are the Benefits of Britam’s Whole Life Insurance
As interest in the Britam whole life insurance grows, potential customers are seeking clarity on how the plan works and what it offers beyond traditional insurance.
Some of the most frequently asked questions are:
Also Read: Britam Connect Unveils New Funeral Plan to Support Bereaved Families
- Will my Britam Whole Life Insurance coverage end after I stop paying?
No. Once you complete your selected payment period of either Single Premium, 10, 15, or 20 years, the policy remains active for life. This means your family remains protected even after you stop contributing, removing the risk of losing cover due to contract expiry. - How flexible are the payment options?
The plan allows you to choose a payment method that suits your income. You can pay through monthly installments starting from KSh3,000 or make a single lump-sum payment. This flexibility helps different income groups access long-term insurance protection. - What does my family receive when I die?
Your beneficiaries receive a guaranteed tax-free payout of up to KSh100 million, depending on the cover chosen. The amount is paid directly to your nominated dependents and can be used for living expenses, education, debts, or long-term financial support. - What support is available if I become critically ill or disabled?
In the event of a critical illness or permanent disability, the policy allows access to up to 30 percent of the total cover. This provides immediate financial support to cover medical expenses and lost income during periods of serious health challenges, helping maintain financial stability when earning capacity is affected. - Do I continue paying premiums for life?
Premium payments are required only during the selected contribution period of 10, 15, or 20 years, after which contributions stop, and the cover continues for life. In addition, if a critical illness or disability claim is approved and benefits are accessed, all future premium payments are waived, ensuring continued protection without further financial burden.
For more information, call 0705 100 100 or email [email protected].
Customers may also consult their financial advisors to understand policy options and coverage terms.
