Plan for the future of your children’s education with the SOMA plan from Liberty Uganda.

It is no secret that the cost of a good education is expensive and this is certainly not about to change. If anything, the cost is more likely to increase in future with the rise in inflation.

Yes, everyone wants a better life, and different people have different needs and preferences. But most importantly, as parents it’s important to plan for your children even before bringing them into this world. For example, how many do you want to have, what schools would you want them to attend, what life would you want them to enjoy? Putting this in to consideration and your current income is key when choosing the perfect insurance plan.

Today we shall discuss the value proposition of our Soma Plan. The purpose of Soma Plan is to help parents save for the education of their children or anyone else to invest to achieve their dreams;

• This Plan provides a tool to help policy holders to plan in terms of how much they need to save.
• Regular contributions are paid and invested by Liberty.
• Provides a retrenchment benefit where in the event of retrenchment Liberty will contribute to their savings plan.
• Upon death of policy holder, lump sum pay-out is made to the nominated beneficiaries.
• There are no surrender penalties in case a member has to withdraw before an investment period of 5yrs.
• Policy holders can opt to have premiums escalate by 5%, 10% or 15% to protect the value of the plan from the effects of inflation.
• Contributions can be increased or reduced at the policy holder’s choosing as long as they remain above the minimum.

Small savings can add to big dreams. Talk to us today on how to get yourself started!