Jackes Posted January 18 Posted January 18 Has anybody figured out what we need to do as yet? Long Wheel Base 1
Long Wheel Base Posted January 18 Posted January 18 46 minutes ago, Jackes said: Has anybody figured out what we need to do as yet? When you do, let me know, so I can tell my clients 🫣. Even us brokers are being kept in the dark. February is going to be a rough month for us trying to put out fires. One the plus side, our biggest competitors' advisors are stressing even more, their changes are even worse apparently. A lot of us here at my franchise will be using our own changes as testers, when we get the messages to start with them. The biggest change we waiting for is the change from Multiply premier over to multiply inspire plus. We were under the impression it would happen automatically if you had the relevant polices, but now it seems we will get a whatsapp asking us to opt into inspire plus.
Long Wheel Base Posted January 18 Posted January 18 On 1/4/2024 at 10:58 AM, bleedToWin said: Also, what's the TLDR on Inspire vs Premier? Inspire linked to health. Premier if you don't have health.
boink Posted January 18 Posted January 18 47 minutes ago, Long Wheel Base said: Inspire linked to health. Premier if you don't have health. Do you mean if you take medical aid? Or if you are "active" like I expect many of us are?
Long Wheel Base Posted January 18 Posted January 18 12 minutes ago, boink said: Do you mean if you take medical aid? Or if you are "active" like I expect many of us are? Inspire is only for clients with momentum health(medical aid). If you don't have momentum health (medical aid) but you want multiply, you will be on multiply premier. Multiply_Inspire_brochure_2024.pdfPremier Guide_Digital 2024 (1).pdf
Smartie Posted January 18 Posted January 18 I also understood that those on Premier would be switched to Inspire Plus (if you have medical) by the end of January. So let's see what happens?
Long Wheel Base Posted January 18 Posted January 18 6 minutes ago, Smartie said: I also understood that those on Premier would be switched to Inspire Plus (if you have medical) by the end of January. So let's see what happens? Correct. BUUUUUUT we were just informed this morning that there are rumors it will not happen as seamlessly as they initially told us. Apparently you will get a whatsapp asking you to confirm the change. End of last year we were told it would just happen automatically during January and by the end of January everyone that was on health and premier would be on inspire plus. People without health would be asked if they want to keep premier or get rid of it. Smartie 1
boink Posted January 18 Posted January 18 So if you are like me and "all in with Momentum" and have health, life (Myraid), retirement and short term as well as Multiply (free following a promo when I got fundsatwork with my current job) which is the better way to go? Obviously CWC vouchers and cheap Garmin devices as well as big Myraid discounts are what I like. I am aware that the Myraid discount is now "fixed" and being "dialed down to whatever it should be over the next few years. So that leaves us with CWC vouchers and Cheap devices. What option gets us that?
cadenceblur Posted January 18 Posted January 18 what about people without medical aid? Why is this so confusing? I ended the year on private club and Green health score - option do I take for the new year?
Long Wheel Base Posted January 18 Posted January 18 41 minutes ago, boink said: So if you are like me and "all in with Momentum" and have health, life (Myraid), retirement and short term as well as Multiply (free following a promo when I got fundsatwork with my current job) which is the better way to go? Obviously CWC vouchers and cheap Garmin devices as well as big Myraid discounts are what I like. I am aware that the Myraid discount is now "fixed" and being "dialed down to whatever it should be over the next few years. So that leaves us with CWC vouchers and Cheap devices. What option gets us that? Inspire plus would suit you better because you can get extra health returns into your health saver by doing the active stuff. But I think you will probably pay for it now, so not sure if you should stay where you are to save the monthly premium. boink 1
Long Wheel Base Posted January 18 Posted January 18 26 minutes ago, cadenceblur said: what about people without medical aid? Why is this so confusing? I ended the year on private club and Green health score - option do I take for the new year? Why is this so confusing? That is us as advisors are asking. It's really not an ideal situation. If we are confused, how do the powers that be think the regular client is going to be. No medical aid - you won't have the option to "upgrade" to inspire. I use the word upgrade loosely.
The Ouzo Posted January 18 Posted January 18 Just now, Long Wheel Base said: Why is this so confusing? That is us as advisors are asking. It's really not an ideal situation. If we are confused, how do the powers that be think the regular client is going to be. No medical aid - you won't have the option to "upgrade" to inspire. I use the word upgrade loosely. the confusion is not limited to this medical aid and its rewards, try finding info around the other big player in this game and its almost impossible to get any information until you actually join them. I'm on Momentum M/A via work, am wondering if its worth the R195 per month for Multiply (the free version does not seem worth the admin) Long Wheel Base 1
ChrisF Posted January 18 Posted January 18 51 minutes ago, cadenceblur said: what about people without medical aid? Why is this so confusing? I ended the year on private club and Green health score - option do I take for the new year? Forget the details ... for a second The fundamental principle of a rewards program is to SELL their entire portfolio to each and every client !!! Maximum benefits to those using all, or most, of their range of products. The less products you buy into, the less rewards .... As @Long Wheel Base has said a few times, the details are still sketchy at best. But I am sure this is the intention .... And frankly, this goes for the entire financial industry and their wide range of rewards programs. Including constantly moving goal posts, as they nudge you into buying into the new product ranges. Long Wheel Base 1
Wil6 Posted January 18 Author Posted January 18 After 8 years, I'm no longer with Momentum. Switched to Sanlam life insurance. Paying a bit more, but I don't have to jump through hoops each month, and my cover is better. The thing is with multiply, it's all fun and games if you are fit and healthy. But once that has gone out the window and when you need the cover the most, it is then when you will be paying through your ears
The Ouzo Posted January 18 Posted January 18 Warning, dont go into the app and look at the upgrade options but then opt not to take them, someone from multiply will phone you very soon after and try and sell you into upgrading. ChrisF and Long Wheel Base 2
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