GABORONE – Botswana Life Insurance Limited (Botswana Life) remains steadfast in its commitment to being a reliable and trusted insurance partner for the people of Botswana. Emphasising this commitment, Botswana Life recently joined forces with Brown & Company Attorneys in a partnership that sensitised business owners and affluent clientele on the importance of seeking assistance in estate planning, estate liquidation, trusts, and wills, to secure their loved one’s future.
Highlighting the importance of this collaboration, Botswana Life Senior Wealth Manager, Kgomotso Entaile stated, “Brown & Company Attorneys are already experts in the conversation about wills. Therefore, Brown appreciates and understands that executing an estate without money is the most painful process. As Botswana Life we offer a solution that speaks to such expenses; Estate Liquidity Cover.”
Estate liquidity refers to the ability of the estate to pay taxes and any other associated costs, debts or obligations that arise after one’s death using cash or its equivalent. This means that there should be enough cash available to meet the obligations of the estate such that there is no need to sell estate assets (which significantly reduces the estate value) to realise the necessary amounts.
The Estate Liquidity Cover forms part of the comprehensive offerings of the Botswana Life’s Affluent Division, a first-of-its-kind initiative in the Botswana insurance market. The Affluent Division provides bespoke solutions for high-net-worth individuals, including specialised wealth management advice, access to international investment opportunities and markets, investment strategies, estate planning, and more.
The collaboration between the two entities also emphasised the importance to business owners of seeking estate planning assistance when it comes to securing themselves, their loved ones, and their business. The Botswana Life Affluent Division offers initiatives such as Key Person Insurance Risk Cover and Buy & Sell Insurance, both offerings enable business continuity in case of death or disability.
"Drafting a will is great and we’re encouraging clients to draft wills, but it shouldn’t stop there. We as Botswana life can help arrange liquidity in your estate to protect your loved ones in the event of execution, as there are expenses you cannot avoid upon death" Concluded Entaile.
For more information, please contact:
Tebogo Keepetsoe
BIHL Group Head PR, Communications & Marketing
tkeepetsoe@bihl.co.bw or +2673707429
OR
Gabriel Tlagae
BLIL PR, Communications & Marketing Manager
gtlagae@blil.co.bw or +267 3923576/ +267 76545457
About Botswana Life Insurance Limited
Botswana Life Insurance Limited (Botswana Life) is Botswana’s longest servicing and only home-grown life insurer. Established in 1975, Botswana Life has a proud 48-year history and is a subsidiary of the renowned Botswana Stock Exchange (BSE) listed Botswana Insurance Holdings Limited (BIHL) Group. As an icon in Botswana, Botswana Life has become synonymous with life insurance in the country and as a trusted partner to Batswana.
At Botswana Life, we provide financial solutions that make a positive difference in the lives of our clients and employees. We are committed to creating a world where everyone is financially secure and can walk tall in confidence that we have them covered. Botswana Life provides long-term insurance solutions for individuals and groups, such as life insurance, retirement annuities and investment policies and of recent estate planning bouquet through its recently launched subsidiary, Botswana Life Fiduciary Services (BLFS).
Botswana Life estimated market share of over 71% has been built over time through hard work, resilience and a keen interest in sustainability and creating value. The Company is currently managing a file size of over 298,00 policies and has an Annual Recurring Premium P1.79 Billion as at 2022. Botswana Life is proud of its contribution towards employment creation, employing over 620 direct agents, 250 sub-agents (employed by brokers) and 353 employees. With over 13,000 people receiving their monthly pensions from Botswana Life, the company is amongst the largest, if not the leading payer, of occupational pension benefits in Botswana.
Botswana Life plays a strong role in driving socio-economic prosperity in Botswana. The Company’s investment in Botswana’s economy over the last 48 years is proportionate with its size and success, and is demonstrated through various projects including property developments, the holding of Government and corporate bonds which exceed P5.5 billion. The bonds represent loans to businesses in Botswana, which are facilitating the growth of private businesses as well as job creation, infrastructure development and many other economic activities.
For further information, go to https://www.botswanalife.co.bw/
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