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Annuity Quote for George Wamari

This document provides a quotation for an annuity policy for George Musandu Wamari. It outlines the client's details, proposed policy details including purchase price, commencement date, reversionary benefits, guaranteed periods, escalation rates, and payment terms. Single life and joint life annuity rates are provided for 0%, 3%, and 5% escalation over 0, 5, 10, 15, and 20 year guaranteed periods. Requirements for purchasing the annuity are also listed. The quotation is valid for 30 days.

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kevin muchunga
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129 views2 pages

Annuity Quote for George Wamari

This document provides a quotation for an annuity policy for George Musandu Wamari. It outlines the client's details, proposed policy details including purchase price, commencement date, reversionary benefits, guaranteed periods, escalation rates, and payment terms. Single life and joint life annuity rates are provided for 0%, 3%, and 5% escalation over 0, 5, 10, 15, and 20 year guaranteed periods. Requirements for purchasing the annuity are also listed. The quotation is valid for 30 days.

Uploaded by

kevin muchunga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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December 23, 2017

George Musandu Wamari


Nairobi.

Dear Sir,

RE: ANNUITY QUOTATION

Thank you for your invitation to quote. We are pleased to submit our quotation for your consideration.

Summary of our quotation is as follows:

Client’s Details

Name: George Musandu Wamari


Date of Birth: 24th January 1963
Gender: Male
Marital Status: Married
Date of Birth of Spouse: 11th February 1971

Policy Details

Purchase Price: Kshs. 13,304,360.67


Commencement Date: 1st January 2018
Spouses’ Reversionary: 50% & 100%
Guaranteed period: 0, 5, 10, 15 & 20 years
Escalation: 0%, 3%, 5%

Single Life
Escalation Rate Guaranteed Period
Single Life 0 year 5 year 10 year 15 year 20 year
0% 137,102 136,663 135,558 134,173 132,808
3% 109,567 109,263 108,388 107,123 105,688
5% 92,217 91,990 91,275 90,143 88,734
Joint Life 50%
Escalation Rate Guaranteed Period
Single Life 0 year 5 year 10 year 15 year 20 year
0% 132,916 132,709 132,186 131,517 130,840
3% 104,562 104,423 104,021 103,429 102,737
5% 86,619 86,518 86,200 85,687 85,027
Joint Life 100%
Escalation Rate Guaranteed Period
Joint Life 100% 0 year 5 year 10 year 15 year 20 year
0% 128,978 128,978 128,977 128,965 128,929
3% 99,992 99,992 99,991 99,981 99,945
5% 81,659 81,659 81,658 81,649 81,616
Please note:

 The quoted amount is guaranteed to be paid to the annuitant for life. In the unfortunate event of
premature death, the same amount shall be paid to the nominated beneficiary(s) for the
remainder of the term of the guaranteed period chosen.

 For joint lives, the annuity payment reverts to the surviving spouse at the chosen reversionary
percentage on death of the annuitant and it is guaranteed for the period chosen.

 Annuity is paid in arrears: The first payment is made within the month on receipt of purchase
price (funds) on or before 15th of the month. Where funds are received after this date the first
annuity payment is paid in the next month together with the next month’s payroll.

 Monthly annuity is paid on or before 26th of every month.

 Requirements for annuity purchase: duly filled and signed enrolment form; copy of ID; copy of
PIN certificate, copy of benefits worksheet and purchase price.

 This quotation is valid for 30 days.

We highly value your business and now look forward to receiving your instruction to implement cover.

Yours faithfully,
Britam Life Assurance Company (K) Limited,

ANGELA ADHIAMBO

GROUP LIFE & PENSIONS

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