Credit on Insurance

Hesabu zangu hii holiday haziingiani.

Nauliza wale mko na life insurance policies, I was told by some know it all ati I can get credit facilities on the policy from it insurer.
e.g Mimi Niko na policy ya 10years from ICEA na ndio Niko mwaka ya tatu this coming will be year 4. I didn’t cash out this third year instead I put the funds back to cover the next coming years.
Sass hesabu haziingiani…budget holiday no almost 70k na iko deficit kiasi…
Is it true naweza endea ICEA niwaambie wanisort?

Provided cover ni yao, they should jump on the opportunity unless there’s something wrong with your premium payments

I pay on time by Mpesa Kwanza…Hadi nime prepay for a year n some months ahead

Holiday si emergency gathee. Ambia missus pesa haitoshi na mwende ocha kama peasants wengine :D:D:D

Do you want to cash out on the policy before its maturity?

She is the cause. In-laws wamekataa wanataka kukuja kuona mschana wao amechukuliwa na nyamu ya wapi…ferk
Pesa Mingi ni fuel expenses za insane trips btwn ndaragwa to border n back.

@mswazi amekujibu.

Nope

Wewe ndio head of the house. No one should dictate how you will live with your wife. Kama ulilipa mahari juzi wasikukimbize.

Haikuwa mahari. Ilikuwa fines…bado Sija recover… Kama hujaoa…avoid cendro…swara

Sisi iko siku tumepeleka mahari wakaanza upuzi. Tuliwaonyesha hawajui we kam back na kucheza bubu game. Ibidii mzae in-law anganze kupiga simu na sisi hatushiki. Tuliporudi we went back with less cash. Ile trip ya Kwanza tuliamua iwe hasara kwao.

This just saddens me. You want to get credit leveraged against your policy because of a holiday? VERY VERY BAD IDEA. If it is for a medical emergency makes sense

Kama policy ni ya Britam utapewa pesapap.

But @mswazi ashakwambia ukweli.

Pole bro hapa watu wanajifanya hawaelewi ile pressure hukuwa while trying to hold everything in place together.

Hawezi ambia bibi hivyo. Huyu msee huwa amekanyagwa makende na bibi yake :D:D
Is the deficit because of the 250k loan your wife took without your knowledge @RetiredVirgin ?

ferk hio 250 is sorting itself out…hata nikikaa na miguu juu itajilipa ijimalise…hizi ni expenses zingine

Mwambie holiday Ni Kwa nyumba until the 250k debt is fully paid off

Yes you can!