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  1. How is the discount calculated for my Last Survivor Death Benefit?

    Created On: 17/04/2023 in The factors determining my discount
    Both lives must complete the screening to earn a discount on the Last Survivor Death Benefit. No discount will be applied to this benefit if only one or none of the two lives completes the screening. The lowest discount of the two lives will be app...

  2. Do all clients on a single policy qualify for discounts?

    Created On: 14/04/2023 in The factors determining my discount
    Yes, all clients that complete the digital screening will have their applicable discount applied on their respective benefits.

  3. When will I not lose my regular debit order discount if a debit order payment is missed?

    Created On: 14/04/2023 in The factors determining my discount
    Clients will not lose the discount if there is a valid and acceptable reason by Momentum for missing the debit order, e.g., if it was their bank’s error or Momentum’s error. If clients forget to mention a change in debit order account, they will not...

  4. When a regular debit order discount is lost, does this apply to all my policies?

    Created On: 14/04/2023 in The factors determining my discount
    No, it applies to the policy where a debit order was missed. For example, if clients take out a new policy, we will apply the 5% regular debit order discount to the new policy until we receive the first unpaid premium notification from the bank for ...

  5. Must I complete the reassessment screening to keep my regular debit order discount?

    Created On: 14/04/2023 in Reassessment process
    No, you activate the regular debit order discount when you complete your first digital screening, and it will remain in place until you miss the regular debit order payment.

  6. Can I lose the regular debit order discount?

    Created On: 14/04/2023 in The factors determining my discount
    If clients miss the premium on the policy (i.e., miss a debit order payment), the regular debit order discount will fall away. We will cancel the discount from the first day of the month following the date we received the unpaid debit order notifica...

  7. How does the regular debit order discount work?

    Created On: 14/04/2023 in The factors determining my discount
    We will reward clients upfront with a monthly discount of 5% on their premium if they pay their premiums regularly via a debit order and perform a digital LifeReturns® screening. When clients take out a Myriad policy and perform a digital LifeReturn...

  8. Why do clients rated as poor, or fair get zero percent fitness discount?

    Created On: 14/04/2023 in The factors determining my discount
    LifeReturns® is a risk selection model, as such, it provides deeper discount levels for clients who are less of an insurance risk. Clients rated as poor, or fair do not present a below average claim risk when considering their fitness only.

  9. What discounts do I earn for physical fitness?

    Created On: 14/04/2023 in The factors determining my discount
    We will allocate a LifeReturns® discount percentage based on the fitness level achieved. Level 3 or higher is required to qualify for a LifeReturns® physical fitness discount as shown in the below table: Physical fitness level Description ...

  10. How is physical fitness used to determine premium discounts?

    Created On: 14/04/2023 in The factors determining my discount
    Fitness level will be determined through the digital screening process. The digital screening’s aim is to measure cardiovascular fitness, and the exact nature of the test differs depending on whether it is the initial screening, or whether it is ...
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Momentum is part of Momentum Metropolitan Life Limited, an authorised financial services and registered credit provider. © Momentum Metropolitan Life Limited.