Review of Momentum Life Insurance

Momentum Life Insurance is an important part of the Momentum Insurance Company and provides value life insurance for customers throughout South Africa. The company states there are many benefits available to clients who purchase their life insurance and are as follows;

Life Insurance Cover Provider

- The cover amount can be anything between R100 000 and R3 000 000.
- This benefit will not expire at a specified age.
- Pays a lump sum on your death, which could help financially support your family, settle debt and pay for estate duties. If you contract a terminal illness, we may also pay out the lump sum amount before your death. Up to R50 000 of the lump sum may also be paid within 2 working days to help with funeral-related expenses.

Critical Illness Cover Provider

- The cover amount can be anything between R100 000 and R3 000 000.

- This benefit will not expire at a specified age.

- Pays a lump sum if you get critically ill (as defined), which could help pay for lifestyle adjustments and paying off debt. A large number of illnesses are covered but, the most commonly known ones are cancer, heart attacks and strokes.

Disability Cover Provider

- The cover amount can be anything between R100 000 and R3 000 000.

- This benefit will expire at the policy anniversary before your 65th birthday.

- This benefit pays the cover amount once-off to you, if you get disabled.

- Pays a lump sum if you get disabled, which could help pay for lifestyle adjustments, paying off debt and even create some ongoing income. Disability is defined differently depending on your occupation. One option considers whether you are unable to perform the normal duties of your own occupation and another whether you are unable to perform certain activities of daily work. We will automatically quote on the one that is appropriate for you.

Life Insurance add-ons

- A simple process, including telephonic underwriting and a quick HIV test.

- Free cover from acceptance of cover until first premium.

- Different premium patterns to choose from that will determine how your premiums and benefits change from year to year.

- A useful checklist to guide you through all the complexities following a death.

- A premium guarantee for 10 years.

- Comprehensive stand-alone cover meaning that no claim under any benefit will reduce the cover of any other benefit. However, if you want the cover amount of other benefits to reduce when this cover amount is paid, this option is available and will reduce your premium.
- FREE membership to Base Multiply

To learn more click HERE

Momentum Life Cover Contact Details

Head office

Our physical address:

268 West Avenue
Centurion
0057

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