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Life Insurance

Life Cover Benefits

Most of us know by now that life has a habit of throwing unpleasant things at us - usually when we least expect it. It is a fact that most of us will have to come to terms with how we might cope if our partner dies unexpectedly, or how our dependants will cope if something happens to us.

Wouldn't it be comforting to know that we'd done everything we could to minimise the financial impact, that there was sufficient income to pay the outstanding mortgage and the on going household bills?

Sufficient life cover ensures that, through the emotionally difficult time following your death, all these things are taken care of.

  • Death Benefit - pays out a lump sum on your death

  • Unnatural Death Benefit - pays out a lump sum on your death of unnatural causes

  • Last Survivor Death Benefit - pays out a lump sum on the death of the last surviving of two insured lives

Critical Illness Benefit

Advances in medical care mean more and more people now survive illnesses once thought to be fatal. However, although many go on to lead relatively normal lives, they no longer enjoy the same mobility or good health. Often big changes have to be made, affecting their ability to earn the income they did before their illness.
The Myriad critical illness benefits provide a lump sum, making it easier to cope financially, leaving you free to concentrate on getting well. The critical illness benefits can be taken out alone or together with life cover.

  • Core Critical Illness Benefit - pays out a percentage of the benefit amount if you are diagnosed as suffering from one of the critical illnesses as listed by Momentum

  • Comprehensive Critical Illness Benefit - pays out a percentage of the benefit amount if you are diagnosed as suffering from one of the critical illnesses as listed by Momentum

  • Classic Critical Illness Benefit - pays out a lump sum if you are diagnosed as suffering from one of the critical illnesses as listed by Momentum

Disability & Impairment Benefits

You probably take plenty of precautions in your daily life. Still, no matter how prepared you are, accidents happen - at home, on the road, at work and at play - disability can be the outcome.
Disability through an injury or sickness can mean a significant loss of income. Occupational disability insurance is a form of insurance that provides the person who becomes disabled and cannot continue working, with a lump sum to cover on going living expenses.
Impairment insurance provides the person who becomes disabled, irrespective of whether they can continue working or not, with a lump sum to make the necessary lifestyle adjustments. The Myriad Disability and Impairment Benefits can be taken out alone or together with life cover.

  • Physical Impairment Benefit - pays out a percentage of the benefit amount if you are diagnosed as suffering from one of the physical impairments as listed by Momentum

  • Functional Impairment Benefit - pays out a percentage of the benefit amount if you are diagnosed as suffering from one of the functional impairments as listed by Momentum

  • Occupational Disability Benefit - pays out a lump sum if you are unable to perform the normal duties of your own occupation

  • Comprehensive Disability Benefit - pays out a lump sum if you are unable to perform the normal duties of your own occupation, OR pays out a percentage of the benefit amount if you are diagonsed as suffering from one of the functional impairments as listed by Momentum