Secure What Matters Most
Life insurance ensures your family and dependents are financially supported even in your absence. At C&G Speciality Insurance Brokers, we offer flexible and tailored solutions to meet different life stages and financial goals.
Our Life Insurance Products
Personal insurance
a) Term Assurance -This policy offers protection only for a particular period which is agreed upon by the insurance company and insured. It is the simplest and cheapest form of life insurance since it provides life cover only with no investment benefits. The insurance company will pay out the full sum assured if the insured passes away within the insurance period. There are no benefits that are payable if the insured is still alive when the policy matures
b)Endowment -An endowment policy combines both protection and investment. The insurance company will pay out the full sum assured if the insured passes away within the insurance
period. If the insured is still alive when the policy matures, the insurance company will pay out the sum assured and all the bonuses earned in the course of the policy.
c) Whole Life-A whole life policy offers life-long protection to the insured. The insured selects how they would like to pay premiums. It could be throughout your life, you can choose to cease payment at a particular age (for example at 60), or you can choose to pay one single premium.
d) Unit Linked / Investment insurance policies-Unit linked policies also combine protection and investment. A part of the premium is used to purchase life protection and the rest is used to purchase units in an investment fund managed by the insurance company. Investment returns on the policy are linked to the investment performance of the managed fund.
e)Funeral Insurance cover - Funeral Insurance cover is meant to cater for funeral expenses of a insured or their loved ones in the event of their demise. The benefits are payable within 48 hours after notification of death.
Group Life Insurance
This is a life insurance cover that any group can undertake. It is a key benefit that employers offer employees. The policy document is in the name of the employer who usually pays the premium. As with other types of group benefits, group life insurance is generally cheaper compared to individual policies. SACCOs, Chamas and investments groups also take group life insurance and members pay the premium. .
Why Choose Life Insurance?
Financial Security
Provides income replacement and financial stability for your loved ones.
Future Planning
Supports education, mortgages, and other long-term family needs.
Peace of Mind
Confidence knowing your family is protected no matter what happens.