Funeral Cover from Momentum
December 3, 2017
What does funeral cover from Momentum entail?
- Momentum will pay for necessary funeral expenses.
- There is a grocery benefit.
- Momentum provides a tombstone benefit.
- You get a premium holiday for every year’s worth of premiums paid.
- Access to the Momentum Multiplier rewards programme.
If something happens to you, your family are going to be emotionally bereft. Don’t leave them financially bereft as well. With Momentum’s flexible cover options, you can ensure that your funeral is not a financial burden for your family.
Here are some of the benefits that you will enjoy:
- R10 000 cash paid out a year after death to pay for a tombstone or memorial
- The repatriation of the body.
- Entry to the Multiply Starter benefits. Some of the benefits include as much as R4 000 off at AVBOB.
- R250 airtime to be used to make arrangements.
- R1000 of grocery vouchers every month for six months after death.
- The ability to skip a premium for every twelve that you pay.
Choose Your Cover
There are three different plans that you can choose from, depending on the level of cover that you want.
The Funeral Cover Provider
This is cover for you, your partner, your parents, your children, your siblings and members of your extended family.
The cover starts at R5 000 and goes up to R100 000, and you can cover as many as fifty people on one plan.
In order to qualify for cover, you must be a South African resident, and you must be over 16 years old and under 75 years old.
Momentum provides their basic Multiply Starter benefit for free with this plan. Alternatively, you can opt to upgrade this to a Multiply Premier or Multiply Provider for a fixed monthly fee.
The primary member of this policy is the policyholder and responsible for paying the premiums on it.
Momentum Family Funeral Cover Provider
This plan offers the same range of cover – R5 000 to R100 000 and is also available only to citizens of South Africa. All the primary benefits are the same as listed above except that you and cover up to 15 people on this plan.
You yourself cannot be covered under this plan. So, for example, you could take a plan for your parents, but you would need a separate policy for yourself.
You will be termed the policyholder and will be responsible for paying all the premiums.
The Group Financial Funeral Cover Provider
Again, the benefits for group cover are the same as with the Funeral Cover Provider. The difference is that you are able to cover people that are not your relations. Let’s say, for example, you have a staff of thirty people, and you want to make sure everyone has some form of funeral provision. This would be the right plan.
In this case, either you or your company would be the policyholder and responsible for paying the premiums. If you are acting in your company’s name, as long as it is a juristic person in the eyes of the law, it can be the policyholder.
All info was correct at time of publishing