wazua Mon, May 20, 2024
Welcome Guest Search | Active Topics | Log In | Register

Old Mutual InvestMent && Life Insurance
Options
Previous Topic · Next Topic
CheckYourSix
#1 Posted : Friday, May 20, 2016 11:31:19 AM
Rank: New-farer


Joined: 8/26/2015
Posts: 26
Location: Nairobi
Hey guys,

I have read and reviewed several threads from 2010 about Old Mutual here so pardon me for repeating the same thing.

My friend, an insurance agent at Old Mutual tells me they can ASSURE me a 12% interest rate of my savings if I agree to save 20K monthly with them. I also get life insurance as part of the deal

I have seen some sort of similar deals with Jubilee and other insurance firms.

How true is the assured part, how easy is it for beneficiaries to claim this life insurance and what are the hidden catches to watch out for?
Back to top
 Report Abusive | Report SPAM
CheckYourSix
#2 Posted : Friday, May 20, 2016 11:56:42 AM
Rank: New-farer


Joined: 8/26/2015
Posts: 26
Location: Nairobi
CheckYourSix wrote:
Hey guys,

I have read and reviewed several threads from 2010 about Old Mutual here so pardon me for repeating the same thing.

My friend, an insurance agent at Old Mutual tells me they can ASSURE me a 12% interest rate of my savings if I agree to save 20K monthly with them. I also get life insurance as part of the deal

I have seen some sort of similar deals with Jubilee and other insurance firms.

How true is the assured part, how easy is it for beneficiaries to claim this life insurance and what are the hidden catches to watch out for?




Is it even possible for them to assure me an interest of 12% because if so why would I need a bank account when I can just give them 60% of my monthly income for the next like 5yrs before I get any family commitments etc
Back to top
 Report Abusive | Report SPAM
Mtafiti
#3 Posted : Friday, May 20, 2016 7:52:26 PM
Rank: Member


Joined: 5/22/2014
Posts: 321
Location: Ndeiya
In most deals with insurance companies, the devil hides in the details.
Back to top
 Report Abusive | Report SPAM
Plimsoul
#4 Posted : Friday, May 20, 2016 8:03:40 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
CheckYourSix wrote:
Hey guys,

I have read and reviewed several threads from 2010 about Old Mutual here so pardon me for repeating the same thing.

My friend, an insurance agent at Old Mutual tells me they can ASSURE me a 12% interest rate of my savings if I agree to save 20K monthly with them. I also get life insurance as part of the deal

I have seen some sort of similar deals with Jubilee and other insurance firms.

How true is the assured part, how easy is it for beneficiaries to claim this life insurance and what are the hidden catches to watch out for?



I've heard too many stories of agents misselling this type of products.

Shoot the company an email, get this in writing.

Please post the reply here. I bet the agent doesn't know what he saying.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Market Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.