Gaborone, Botswana –18th November 2022: Access Bank Botswana, the BSE-listed local arm of one of Africa’s largest retail banks, and leading life insurance provider
Botswana Life Insurance Limited (Botswana Life), are proud to announce the launch of an Estate Liquidity Cover and Fiduciary Offering. The Estate Liquidity product is
designed to target and address common, serious estate liquidity problems that often affect one’s estate .
We commonly underestimate the significant administrative fees and financial management costs involved in managing a deceased’s estate. As a result, an enormous number of estates have liquidity shortfalls.
Without sufficient funds in the estate to cover all debts and costs, bequests, and maintenance obligations, the beneficiaries would have to supply the cash themselves or the executor would be entitled to sell assets in the estate to meet obligations. In either case, this can leave the beneficiaries in a precarious financial position.
Providing an exciting array of products and services, Access Insurance Agency and Botswana Life are excited to add this important offering to their list of insurance solutions. The new offering, coupled with the Fiduciary Services, is a welcomed development in the Estate liquidity gap faced by many people in the country.