Introducing JWS Protect – our simple life insurance solution.
Many people put-off buying life insurance due to a lack of time. At JW Seagon we like to have insurance solutions for everyone, so for anyone looking for quick and easy life cover, JWS Protect is exactly what you need.
The benefits – at a glance
- Annual premium of $500 which gives a lump sum of $100,000 payable on death
- No medical examination required for Sum Assured up to $150,000 – cover offered subject to the completion of a satisfactory Declaration of Good Health only once at inception.
- Immediate cover available for sum assured up to $150k
- Permanent Total Disability equal to the life cover
- Stand Alone Last Funeral Expense Benefit – $2,000.
- Accelerated Critical illness equal to 30% of life cover subject to a maximum of $50,000. This benefit has a waiting period of 6 months and the maximum age limit for this benefit is 60 years
- Premiums can be payable annually, half yearly or quarterly by direct debit mandate, cheque or electronic transfer
- JWS Protect is only available to citizens and residents of Kenya
- Applicants must be between the ages of 18 – 69
- JWS Protect includes a range of Covid-19 related benefits/cash pay-outs – please contact us for full details.
- $500 annual premium
- $750 annual premium
- $1000 annual premium
- $1250 annual premium
- $1500 annual premium
- $1750 annual premium
- $2000 annual premium
- $2250 annual premium
- $2500 annual premium
Life insurance – an overview
Life insurance is simple and straightforward. A life policy pays out the sum insured in the event of the death of the policyholder. The money can be used for a variety of eventualities i.e. paying off a mortgage or any outstanding debt, leaving a lump sum for dependants or to help protect any loss of income.
Life insurance is a relatively low-cost product. A significant lump sum can be secured with a low monthly premium (often costing just a few dollars).
The meaning of ‘Life’
We’d like to introduce you to “Life”. “Life” is a character that we’ve created to help spread the word on the importance of life insurance and to highlight the numerous benefits of having reliable cover in place.
There isn’t one single reason to purchase life insurance, it’s always down to the specific needs of the individual. So, in order to help our clients and customers understand life insurance in more detail, we’ve developed a range of real-life scenarios and show the potential impact it has on our lead character “Life”.
The scenarios below cover the key reasons why someone would purchase life insurance. Simply click on any scenarios which are relevant to your personal circumstances, and see how JW Seagon helps you protect the things you love by ensuring their financial safety.
Please click on the scenarios below for further information.
Over 25 years of insurance broking expertise
As one of East Africa’s most reputable and knowledgeable brokers, we often get asked the question – what is the single most important insurance product to purchase? And whilst there is no simple, definitive answer, one thing is for certain, life insurance is always towards the top of the list – for both individuals and businesses.
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Dummies guide to life insurance
What is life insurance?
Life insurance is a form of insurance that grants your beneficiary (a person designated as the recipient of funds) cash benefits in the event of your death.
How does life insurance work?
It’s simple, you pay a monthly payment to the life insurance company, and if you die, your beneficiaries, will be paid the total amount you agreed with the insurance company.
How do I know when I need life insurance?
When it comes to life insurance the only question you need to ask yourself is “If I die today, who will need my income to be replaced?” Whether it’s your parents, your kids, business partner or spouse, someone in your life will face a financial blow if you were to pass away. So, if you lack the assets necessary to soften that blow, then life insurance is usually a good idea.
Group life insurance in simple terms
Group life insurance is offered by an employer or other large-scale entity, to its workers or members. It is typically offered to employees as part of a larger employer or membership benefit package.
Key man policies in simple terms
Key man insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business–the ones whose absence would sink the company.
A company purchases a life insurance policy on the key employee, pays the premiums and is the beneficiary of the policy. If that person unexpectedly dies, the company receives the insurance payoff.
Pension policies in simple terms
A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker’s future benefit.