[quote=nashx]Every parent wants the best for their children. Hence, we tend to be emotional when it comes to choices on their learning. Education insurance policies use these emotions to profit from us. My goal is to help you make better choices.
https://nashthuo.com/edu...ance-policies-in-kenya/[/quote]
Insurance is not investment and should never ever be judged on its "returns on investment"!
Have you ever wondered why the extra payments are called "bonuses" and not "profits" or "interest"?
Sometimes the total payments on maturity can be LESS than the total premiums!
Think about car insurance; you dutifully pay the annual premium but don't make a claim for ten years. What does the insurance company pay you? NOTHING!
It's the same with life insurance. If you don't die, the insurance company has no obligation to pay you anything!
In the case of a term-life policy, the only obligation is the "sum assured". Anything above that is a "bonus" and, as we all know, bonuses are never guaranteed!
For this reason, it is a grave mistake to think about an insurance policy as an investment. It is NOT!