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anasazi		#11 Posted : Thursday, November 27, 2014 2:02:07 PM
Rank: Veteran Joined: 6/8/2007 Posts: 675		Good point @muganda. Never thought of it that way! Form is temporary, class is permanent
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mkeiy		#12 Posted : Friday, November 28, 2014 8:48:42 AM
Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi		mugz wrote: i was also considering the same thing...only that i knew opening an education policy was a no no! after reading this, shares here i come! Why can't you do both? insure and invest in stocks? I do both. I have two policies from Britam and one from Pan Africa. For Britam, you get annual payments from class one all through university and the sum assured on maturity. The temptation of doing something else with the premiums' money and the fact that the future is always uncertain, it's good to ensure that kids will be okay long after one is gone. How much does one earn from INVESTING in motor insurance? #It'sInsuranceNotInvestment!
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radio		#13 Posted : Friday, November 28, 2014 9:41:54 AM
Rank: Veteran Joined: 11/9/2009 Posts: 2,003		muganda wrote: An education policy can be translated as - discipline + life insurance (if you die). Poor investment if you ask me. So I'd say put the money monthly by standing order (exercise discipline) into a market equity fund of your choice (e.g. Stanlib) then buy a small life insurance package (if you don't have one) Your children should appreciate their parents wisdom in time @muganda, can you tell me a little more about this STANLIB Equity Fund. From their website, they have not mention the interest rates. Do you know how much interest rate they are paying?
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mjuaji wa stocks		#14 Posted : Friday, November 28, 2014 5:04:50 PM
Rank: Member Joined: 1/16/2010 Posts: 672 Location: nairobi		If you want to be rich, invest ....... if you want to be poor buy policies ..... I do not believe in policies .... i am still to see a man who became a billionaire by buying policies ..... For my son and daughter, i am doing investments for them now ...... simple instruction .... Pay current primary school fees Buy 2 plots for your son and keep them ...... Akianza high school .... uza moja ..... pay all secondary school fees .... Akianza university ..... sell the 2nd one and clear all university fees in one go ...... I can bet .... even if he were to go for parallel module ..... the return from the plot will be more than the policy return! Convince me to buy a policy! Chukua loan saa hii ..... let the policy premium become the monthly deductions! God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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sanity		#15 Posted : Friday, November 28, 2014 9:43:55 PM
Rank: Member Joined: 1/24/2011 Posts: 407 Location: Nairobi,Kenya		mjuaji wa stocks wrote: If you want to be rich, invest ....... if you want to be poor buy policies ..... I do not believe in policies .... i am still to see a man who became a billionaire by buying policies ..... For my son and daughter, i am doing investments for them now ...... simple instruction .... Pay current primary school fees Buy 2 plots for your son and keep them ...... Akianza high school .... uza moja ..... pay all secondary school fees .... Akianza university ..... sell the 2nd one and clear all university fees in one go ...... I can bet .... even if he were to go for parallel module ..... the return from the plot will be more than the policy return! Convince me to buy a policy! Chukua loan saa hii ..... let the policy premium become the monthly deductions! Thanks.. These are the wisest words I've heard in a long time... Hope is not a strategy
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premio		#16 Posted : Friday, November 28, 2014 11:02:19 PM
Rank: Member Joined: 5/31/2009 Posts: 226		i have from britam i pay 7000pm. what i know is that if i was to refuse ugali today my 6 years old girl will go through high school and campus bila stress even though i have just paid 21000 so far. whoever told u will be alive to sell your plots 10years to come didnt know. Insurance is protection protection protection investment nunua shares today ie KQ at 8 today might be worth 140 in 6 years so if u buy shares worth 200k do the maths
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Ndaragwa		#17 Posted : Saturday, November 29, 2014 6:37:12 PM
Rank: Member Joined: 3/12/2011 Posts: 108		mjuaji wa stocks wrote: .... Buy 2 plots for your son and keep them ...... Akianza high school .... uza moja ..... pay all secondary school fees .... Akianza university ..... sell the 2nd one and clear all university fees in one go ...... I can bet .... even if he were to go for parallel module ..... the return from the plot will be more than the policy return! Well said. With plots investment when kids are young ... you will easily pay tuition for the expensive university parallel module or overseas university if you so wish. But be disciplined, knowing you bought the plots to finance your children's education - not to finance other businesses or opportunities that come up with time!
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Amani254		#18 Posted : Sunday, November 30, 2014 7:21:30 AM
Rank: New-farer Joined: 3/6/2014 Posts: 21		Mjuaaji wacha ujuanji!!! Why are you comparing apples with nuts? A policy is a form of protection against a risk and that is different from an investment. Of course the same end is met holding all factors constant. Who says plots will forever be lucrative, they are for now and in the foreseeable future but long term, not so certain - money is shifting towards soft businesses. I say if you can, do both a policy and investments. A policy safegaurds your child's education if you pop today, even before you accumulate enough to buy your plot.
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Boris Boyka		#19 Posted : Monday, December 01, 2014 8:14:47 AM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		premio wrote: i have from britam i pay 7000pm. what i know is that if i was to refuse ugali today my 6 years old girl will go through high school and campus bila stress even though i have just paid 21000 so far. whoever told u will be alive to sell your plots 10years to come didnt know. Insurance is protection protection protection investment nunua shares today ie KQ at 8 today might be worth 140 in 6 years so if u buy shares worth 200k do the maths The agent lied to you. You only benefit 100% if you have paid premiums for over 5 yeras otherwise yr1-yr4 there are % less than that. Personaly i dont dwell much on " if i die my dependants....." things will sort themselves out.that insurance co. could collapse too who knows? or a rogue agent could make errors in documentation thus chaotic(seen it with my colleagues). Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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maka		#20 Posted : Monday, December 01, 2014 8:48:55 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Boris Boyka wrote: premio wrote: i have from britam i pay 7000pm. what i know is that if i was to refuse ugali today my 6 years old girl will go through high school and campus bila stress even though i have just paid 21000 so far. whoever told u will be alive to sell your plots 10years to come didnt know. Insurance is protection protection protection investment nunua shares today ie KQ at 8 today might be worth 140 in 6 years so if u buy shares worth 200k do the maths The agent lied to you. You only benefit 100% if you have paid premiums for over 5 yeras otherwise yr1-yr4 there are % less than that. Personaly i dont dwell much on " if i die my dependants....." things will sort themselves out.that insurance co. could collapse too who knows? or a rogue agent could make errors in documentation thus chaotic(seen it with my colleagues). Just don't get kids.... possunt quia posse videntur
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