How I Grew My Vuka Investment to KES 150K in 1 Year — And Why I Got Insured for Life
Exactly one year ago, I had just KES 43,134 invested in the Acorn I-REIT through Vuka.
In 2024, I committed to investing KES 5,000 every month — and by December, I had KES 111,049 invested (that’s 5,000 units!).
Fast forward to May 2025, and I now have KES 150,816 invested. How did I get here?
One word: CONSISTENCY!
This year (2025), my goal is to invest KES 8,500 every month.
By the end of the year, I will have more than KES 218,816 (inclusive of 2025’s half-year dividends for the period closing 30th June)
What about you? How has your journey of consistency been with Vuka?
You can follow my Vuka investment journey here.
Apart from building a diversified investment portfolio, I’m also protecting myself from critical illness, accidental death/disability and making sure I leave a LIQUID INHERITANCE to my beneficiaries. How? I bought a whole life insurance cover!
👩🏾⚕️ Why do I have a Life Insurance cover, yet I don't have kids?
Life Insurance is a financial tool that leaves a lump sum to those who depend on you when you pass on. It replaces your economic value because when you die, you can't provide an income to your dependents, such as your:
- kids
- parents
- siblings
- nephews & nieces
- any other dependents
In a nutshell, a life insurance cover provides instant liquidity upon death (your dependents get cash within 72 hours), disability or when you get a critical illness.
💡 So why did I get a life insurance cover?!
At the beginning of this year, I was shopping around for a critical illness cover because I needed to renew my previous one, which expired in December 2024.
A critical illness cover pays you, the insured, a lump sum when you are diagnosed with a critical illness. In the process of shopping for a critical illness cover, I realised that a whole life insurance cover does the same thing (and more!) as a critical illness cover:
- A whole life insurance cover has living benefits where you get paid a lump sum in case you get into an accidental disability or are diagnosed with a critical illness.
- A whole life insurance cover pays a lump sum to your dependents when you pass on.
So, as much as I do not have kids at the moment, in one way or another, I have dependents. I have nephews, nieces and siblings! Let's be honest, as Africans, there's almost always someone who depends on you for their survival.
By getting a whole life insurance cover, I protect myself while also leaving a legacy to my family. I made a smart generational wealth move, right? I know!
How much do I pay for my life insurance policy?
- It costs KES 7,330 per month, but I prefer to pay half-yearly, which equals KES 43,984
What benefits do I get?
- Accidental disability benefits of KES 5 million
- Critical illness cover: KES 5 Million
- If I passed on, the people I have indicated as my beneficiaries would get KES 10 million!!!
Note: I can change/update the list of my beneficiaries anytime, e.g when I have kids.
How long will I pay for the cover?
- 20 years
Note: You can choose a different payment term based on your age! For example, you can pay for a whole life insurance cover for 10 or 15 years.
Why is this a smart financial move?
In total, I will pay KES 1,759,200 (KES 7,330 × 12 months × 20 years) for a 10 MILLION ASSURED benefit.
The policy also accumulates approximately KES 250,000 per year in bonuses (in addition to the 10 million) to cater for inflation.
I will stop paying for the cover after 20 years, but I WILL BE INSURED FOR LIFE! Even if I live to be as old as Methuselah 🤭😂
Apart from the above monetary benefits, I sleep better knowing that if life decides to be a little unkind, I can afford to pay for accidental disability and critical illness. And in my nephew's and niece's eyes, I'm the real definition of RICH AUNTIE!
That’s generational wealth. That’s a liquid inheritance. That’s peace of mind.
🤯 MOST IMPORTANTLY, IF I GOT DIAGNOSED WITH A CRITICAL ILLNESS OR ACCIDENTAL DISABILITY, I WOULDN’T LIQUIDATE MY INVESTMENTS PREMATURELY!
💡Final Thoughts
Most of us, especially parents, will save and invest our whole lives, and we'll still not match the kind of LIQUID INHERITANCE whole life insurance provides. If you're a parent or have dependents, you SHOULD get life insurance ASAP! In case anything happens to you, you do not want your kids to be tossed around from one family to another because no relative is willing to make the financial sacrifice to bring up your kids!
The earlier you get life insurance, the cheaper the premiums!
If you're wondering, you can get life insurance coverage for less than I'm paying. And you can get life insurance coverage in Kenya while in diaspora
📩 Want to talk about life insurance?
If you'd like to get whole life insurance coverage, I can help! Please email me at [email protected] and say, “I read your newsletter on Vuka; I need a life insurance policy.”
We’ll set up a FREE discovery call, and I’ll walk you through your options—no pressure, no jargon, just clarity. I'll answer ALL your questions about life insurance and share a few quotations for a cover that works to help you stay protected and leave a legacy!
This article was written by Agatha Wanjiru from The Wealth Tribe, a consistent Vuka investor!