Been with CFC life for 7 years , no problem so far(may be because mine in mostly a life cover with a small income building option so I dont mind much about any returns from the policy as long as my life is covered if I kick the bucket immaturely)

But my advise is that If you have to take life insurance take pure life.

Insurance is not an investment.


I had another policy with another company . This was sold by a Wazuan to me in 2008 after a hyped marketing gimmicks in the former Stockskenya.But I feel very much defrauded.The guy also left the company

He had told us that the policy will have a 12.5% return per year.

After 3 years, one can withdraw and get 100% of the fund.

I joined.

Come end of year one, I get a statement showing that only 55% of my premium was going to investment.(this had not been disclosed to me)
This was a shock of lifetime.
Come year 2 only 90% of the policy was being credited to the investment.
The 'investment' had barely grown.

Year 3 the same.

I decided to cancel the policy after end of year 3, Last year , at a 30% loss just to cut loses.

After that the premiums I had been paying ,I redirected them to my CDS account. My return on shares is now 15%.

I get valuable information on the shares to invest from Wazua.


Investment insurance is just a legitimate fraud

Got a WHOLE LIFE insurance policy for my better half who is in business two years ago. For a 10M package the premiums are less than 50k a year with Old Mutual. A similar package with the investment component (such as the education plan) would be more like 50k a month. The return on this endowment things is typically less that 3% annualized.

By the way the agents eat possibly 25% of each premium you pay to the insurance company as commissions for this education things. That's why they follow you like a bloodhound.

The only time people complain about the returns from insurance policies is when they think of them as investments. For that reason, allow me to re-post what I wrote in June last year:


Once you have a clear understanding of insurance, it becomes easy to decide whether or not to take one.

I have an education cover for my kids, I took it to specifically take care of their education in case of my death.

But I also have a life cover... actually 2 covers - one attached to my medical cover and the other attached to the education policy.

So If I drop dead today, my family will get paid the sums insured under the life covers instantly; then upon maturity of the education cover, another amount will be paid to them for the education of the kids...timed to coincide with form 1.

In the meantime, I am busy investing....

i can finally say i understand insurance products, thanks to wazua

I consider myself very lucky to have read these threads at this time heheheh was just about to commit to an education policy...