Financial Planning

Why is Financial Planning Important?

• Financial planning helps individuals and families manage their money effectively and achieve desired life goals and objectives.. 

• Financial planning helps you build emergency savings and insurance protection to stay financially stable during difficult times.

• Early Financial planning unlocks the power of investment and compound growth, which steadily multiplies your wealth over time.

Child Education Plan

A Child Education Plan is an insurance product that combines savings and life insurance, helping parents build funds for their child’s education while ensuring the child’s education is financially protected even if the parent passes away 

Personal Retirement Plan

A Personal Retirement Plan is a long‑term savings and investment product designed to help individuals save and invest for retirement. 

Annuities

An annuity is a financial product offered by insurance companies that converts the lump sum accumulated in a retirement plan into a regular stream of income, either for life or for a fixed period. It is designed to provide financial security during retirement, ensuring that you continue to receive income and do not outlive your savings.

Key Features:

• Guaranteed Income: Provides a steady monthly or annual payment.

• Flexible Payouts: Can be for life or a fixed term.

• Peace of Mind: Helps retirees manage their finances without worrying about running out of money.

• Optional Benefits: Some annuities offer inflation protection, survivor benefits, or lump-sum withdrawals.

Unit Trusts

 A professionally managed investment fund of pooled contributions from many investors with the same financial objective. Types include:

• Money Market Fund:  A Low Risk Investment fund suitable for investors seeking liquidity, regular interest and capital preservation. The fund invests primarily in interest bearing assets.

• Equity Fund:  A Medium to High Risk Investment suitable for investors seeking long-term capital growth. The fund invests primarily in the Nairobi Securities Exchange (NSE).

• Bond Fund:  Medium to High Risk Investment suitable for investors seeking a diversified portfolio of bonds that offer regular income. The fund invests primarily in treasury and corporate bonds.