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Carefree dad holds his young daughter who pretends to be a superhero plane.

Life insurance for when life happens

Talking about life insurance could easily feel overwhelming, but you can't afford not to have the discussion.

Life insurance is necessary if you're looking after your loved ones because it keeps them covered and protected, even when you're gone.

Make a #MomentumShift and financially protect those who depend on you the most by having a life insurance conversation with your financial adviser.

During 2020 we paid 4.2 billion in death claims

Our commitment is to keep your loved ones financially protected when you no longer can. Source: 2020 claims stats. COVID-19 claims included.

LIFEHACK

3 top reasons to get Momentum life cover

  • Financial security: Get life cover from R100 000 to R5 million to replace an income, pay for your child's education, or make sure your spouse gets the much-needed financial security.
  • Takes care of outstanding debt: Any outstanding debt like a home loan, personal loan or credit card debt will be taken care of in the event of your death.
  • If you skip a payment, the policy won't lapse if we receive a payment within the 30 days grace period.

Young father throwing up his little son into air and catching him in his hands

LIFEHACK

3 top reasons to get Momentum life cover

  • Financial security: Get life cover from R100 000 to R5 million to replace an income, pay for your child's education, or make sure your spouse gets the much-needed financial security.
  • Takes care of outstanding debt: Any outstanding debt like a home loan, personal loan or credit card debt will be taken care of in the event of your death.
  • If you skip a payment, the policy won't lapse if we receive a payment within the 30 days grace period.

Stanley Gabriel, CEO at Momentum Investo.

7 milestones that affect your life insurance

If you have life insurance, it's important to re-evaluate it from time to time. CEO of Momentum Investo, Stanley Gabriel, has some #AdviceForSuccess on when you should review your life insurance.

Getting married You need to ensure your spouse is financially protected if you are no longer there.
Divorce There are legal consequences, and you want to make sure that your money goes to the right people.
Having children You want to make sure their future is taken care of financially.
Buying a property or increasing your debt You want to make sure your family can afford to pay the expenses.
Getting a new job It's an excellent time to review your current life cover. If you have received a salary increase, you may consider increasing your life cover.
Starting a business Business continuity insurance protects your business to continue generating an income for those employees that depend on it.
Retirement When you retire, you lose company benefits like group life insurance.

Create a #MomentumShift by partnering with a Momentum financial adviser to get #AdviceForSuccess.

In case you missed the programme on 2 June 2022, catch a re-run of this programme on DStv channel 147 for more practical money tips to help you on your financial journey to success.

Jeanette Marais, Deputy CEO Momentum Metropolitan Holdings Limited and CEO of Momentum Investments.
COMING UP NEXT WEEK
EPISODE 5 | 9 JUNE 2022

Home insurance

Next week we chat about the responsibilities of owning a home, if you can afford to buy a house and protecting your home contents.

Shift the way you see financial success

Get an online life insurance quote or speak to a financial adviser about the benefits of having life cover and disability cover

26 May 2022

In case you missed last week’s episode: Learn more about managing your debt

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

Don’t get caught off guard by unexpected life events

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