It goes beyond your monthly salary; it goes into death, a subject never discussed so freely. Hence the need to cushion against untimely circumstances, life insurance in Kenya provides a good and stable way to plan your future.
With all that, why should you worry about what avenues are there to help secure your future and that of your dependants? Therefore, life insurance is the financial safety pin to the insured family in the case of untimely death.
What if it is medical bills, funeral expenses, will my dependants have to move because the former took away all of our savings? What about the mortgage that I want to take up (with these spiking interest rates in Kenya)? How will I manage the down payment or do a lump sum payment to clear it off? How will it affect my family? What about those major changes that come, marriage? What about the children and their education? What of divorce hence reduced income? Even expanding that side hustle that you have? What about retirement? The lump sum or deferred annuity plan?