23 Feb What is the difference between Next of Kin and Beneficiaries?
Next of kin is a person you nominate as a point of contact while Beneficiaries are the people you nominate to receive your dues in the unfortunate event of death. A member is advised to ensure that their beneficiary nomination forms are up to date as that is what the Sacco uses to remit a member’s final dues. For members who have nominated their children as beneficiaries and are still minors, kindly ensure that you have also nominated a guardian who will be the contact person acting on their behalf.
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