Disability cover
One of the scariest moments in life is when you come face-to-face with your own mortality, be it an accident, an injury, or chronic illness. No one can predict this, so, it’s better to plan ahead.
Research shows that 70% of people will experience some form of disability, illness, or injury in their lives that will stop them from earning an income. And despite this, less than 50% of people have any form of income protection or disability cover. No matter your occupation or income level, disability insurance is essential in your financial plan.
Take control of your future and have a chat to one of our financial advisers who will take the time to understand your financial plan and budget, and what is the best disability insurance for you.
Did you know?
In 2021, Momentum life insurance paid out R463 million in lump sum disability claims, with the largest claim being R28.4 million*.
*Source: https://retail.momentum.co.za/documents/invest-and-save/momentum-life-insurance-claims-stats-2021.pdf
Lifehack
Protect your income if you become disabled
You can add any of these additional benefits:
- Permanent Disability Enhancer - both income and lump sum disability cover in one solution. .
- Income Enhancer benefit - 50% more cover, on top of your income disability pay-out.
- Complete Family Protector benefit - additional pay-outs if any of your immediate family members have an extended hospital stay.
Plan for the unexpected
EPISODE 9 | 7 JULY 2022
Entrepreneurship
If you’re motivated to start something big, be sure to tune in to next week’s episode when we chat about entrepreneurship and how you can make it happen for yourself.
Our financial advisers will help you choose the right income protection cover
The tips from this week’s episode may just be what you need to make a #MomentumShift. Speak to a financial adviser today.
Catch Money Heroes re-runs on via DStv,
channel 147
Mondays at 06:00, Wednesdays at 13:30 and 19:30, Thursdays at 11:30, and Sundays at 18:00.
Join the conversation
Get #AdviceForSuccess to help you find the right disability insurance and protect your income.
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