Madison Money Market Fund: Daily Yield: 8.97% Effective Annual Yield: 9.38%
We’ve put together a Life and Investment product that works for your futuristic plans. It’s the combo that works!
This is an investment driven product that generates high returns for you by our fund managers through well-tailored investments from your contributions. Let your money work for you.
We also provide the option of Life cover benefits alongside the Investment component. This includes an optional total and permanent disability benefit and an optional funeral cash benefit.
What You Need To Know:
- There is a clear split in your premium between the Life and Investment cover. 60% of the amount is allocated to the Life cover while 40% is allocated to the Investment cover.
- The Investments have a guaranteed return of 5% p.a.
- You can vary your premium contributions within our stated terms of policy.
- The policy carries for a minimum of 8 years and a maximum of 15 years with an additional management fee of 2%.
1. Partial Maturity
Depending on which two options of this policy you choose:
|Duration/Term||Option 1||Option 2|
|4 years to maturity||20% of the sum assured|
|3 years to maturity||20% of the sum assured|
|2 years to maturity||20% of the sum assured|
|1 years to maturity||20% of the sum assured|
|Maturity||100% sum of the assured value plus fund value||100% sum of the assured value plus fund value|
Option 1 is tailored to pay the sum assured on maturity while Option 2 is tailored to provide partial payments on maturity (within the last 4 years before it completely matures).
2. Total Permanent Disability (TPD)
In the event of total permanent disability, within the term/duration of the policy, the total amount covered for this benefit will become payable. This is an optional benefit and bought at an extra cost.
In the event of your demise, within the term of the policy, the full sum assured will be payable to your beneficiaries. Additionally, a funeral cover of Kshs 20,000 will be provided (plus any additional funeral cover bought at the beginning of the policy).
It’s all about your future. Prepare with Madison.