Momentum Active Dayz

[Mike Bike]

Perhaps first chat to your broker about it if you are still unhappy about his service then perhaps look at making a change.

I’ve been unhappy for a while..will be chatting to Mrs tonite as momentum is in her name. 

[Gen]

I’ve been unhappy for a while..will be chatting to Mrs tonite as momentum is in her name.

I understand your frustration.

 

I can try help you as what I can with Multiply.. but those financial review points are really important.

 

The best advice I can give you is as much as what you can early in the year.

 

Questionnaires, assessments (tiger wheel and tyre..both vehicles ).. get them done.. do the fitness assessment as well valid for 1 year now and not just 6months so that you can unlock more active dayz...

 

Both of you should do Safe dayz as well..together with safety questionnaire and tiger wheel check you unlock more safe days

 

Do you have a will.. is it updated.. the costs for a Momentum Will in safe keeping isn't a lot every year..consider it.. it counts as an extra product.

 

Do you perhaps have an item you would like to insure with their short term insurance for a better rate (if possible)....you dont need to move your entire policy to Momentum..would also be another product? Pls just dont double insure and make sure that you have better or at least the same coverage as before..don't screw yourself over for 70 points either. [emoji85]

 

Do you perhaps have a savings plan for your kids and retirement annuity etc...do you have a need for any of those products... these are all things you can consider..

 

And then you should review your life policies with Momentum..do you have longevity as benefit and interactive..is your interactive review up to date..do you know what the benefits are, has your situation changed at all that you need to increase benefits etc.. this is why it is important to see a broker at least once every year.

Edited January 3, 2020 by Gen

[Mike Bike]

Gen we do both do the safe dayz. I do also get the cars checked. Will do it next week. We’ve both done our questionnaires already. 
 

you can expect a pm for contact details once I’ve spoken to her

[Long Wheel Base]

Gen we do both do the safe dayz. I do also get the cars checked. Will do it next week. We’ve both done our questionnaires already. 

 

you can expect a pm for contact details once I’ve spoken to her

You, like me, seem to be one of the few that do all the momentum stuff that gets you the points. How long have you had your policies? Is your medical aid with Momentum?

[Fitbull]

I am so over momentum, I gave up on trying to reach private club last year its just an absolute mission every year and will just be cancelling all policies remaining with them and moving them across to discovery. Discovery I usually have 90% of my points by mid year and thats only because I wait till the end of year to get the health checks etc done to see if I really need them for the points. I use discovery for most things anyway but thought it would be good to "diversify". Used to be nice with all the vouchers etc but now all the ones I used to make use of have disappeared.

[Long Wheel Base]

@Gen, Our Will's are with capital legacy. Our broker suggested we use them(instead of Momentum) due to the size of the estate. He organised it all for us, we met with the Capital Legacy guy with my Broker at my Brokers office. Do you know if we get points for having a WILL with Capital Legacy? It is not something I thought about when we did it. I also don't struggle to get the 1500 points per year but if I did and I didn't get points, I would not be happy with my Broker.

[Mike Bike]

You, like me, seem to be one of the few that do all the momentum stuff that gets you the points. How long have you had your policies? Is your medical aid with Momentum?

Yip I’ve been jumping thru hoops for a while. We used to be private club. Mrs struggles with active days. She has had policies with momentum for years. Yes our medical aid is with momentum. I have policies with other institutions which is probably dumb.

 

Gen we’ve not been asked those questions. Or maybe only when we first met the broker but certainly no real time spent on it..

 

I think my Mrs will is supposed to be with momentum but i know she has been trying to get it sorted for over a year so who knows

Edited January 3, 2020 by Mike Bike

[Long Wheel Base]

I am so over momentum, I gave up on trying to reach private club last year its just an absolute mission every year and will just be cancelling all policies remaining with them and moving them across to discovery. Discovery I usually have 90% of my points by mid year and thats only because I wait till the end of year to get the health checks etc done to see if I really need them for the points. I use discovery for most things anyway but thought it would be good to "diversify". Used to be nice with all the vouchers etc but now all the ones I used to make use of have disappeared.

That is the thing with Momentum, They want you to have everything with them and that's where you score with the points. I get 4 x 120 points for cover with them and if the will is accepted then another 70 as it is only a year old next month.

I had my 1500 points last year around July I think. After that I never bothered with anything and think I ended on 1530!!! and there was a lot I could have still done for points.

[milky4130]

In a bid to safe my Private Club Status before the end of December 2019, I ended off the year on 890 only needed 750 as a single member. I log in today to see that nothing has carried over, I'm currently sitting on 4.

[Gen]

@Gen, Our Will's are with capital legacy. Our broker suggested we use them(instead of Momentum) due to the size of the estate. He organised it all for us, we met with the Capital Legacy guy with my Broker at my Brokers office. Do you know if we get points for having a WILL with Capital Legacy? It is not something I thought about when we did it. I also don't struggle to get the 1500 points per year but if I did and I didn't get points, I would not be happy with my Broker.

Unfortunately not.

[Gen]

In a bid to safe my Private Club Status before the end of December 2019, I ended off the year on 890 only needed 750 as a single member. I log in today to see that nothing has carried over, I'm currently sitting on 4.

Every year you start from scratch again.. been like that for a long time now.. your automatic points for products will be allocated soon enough.

[Long Wheel Base]

Unfortunately not.

I thought as much. Thanks.

[milky4130]

Every year you start from scratch again.. been like that for a long time now.. your automatic points for products will be allocated soon enough.

ok I'll wait to see when that happens, I checked for 2019 and it was applied on the 01/01/2019 already.

[Gen]

ok I'll wait to see when that happens, I checked for 2019 and it was applied on the 01/01/2019 already.

Yeah sometimes it takes a bit of time.

 

If there isn't anything by end of Jan pls send them and email.

[Gen]

Yip I’ve been jumping thru hoops for a while. We used to be private club. Mrs struggles with active days. She has had policies with momentum for years. Yes our medical aid is with momentum. I have policies with other institutions which is probably dumb.

 

Gen we’ve not been asked those questions. Or maybe only when we first met the broker but certainly no real time spent on it..

 

I think my Mrs will is supposed to be with momentum but i know she has been trying to get it sorted for over a year so who knows

I think it would be wise to have someone really look into your entire portfolio... if for no other reason as for you to have a good overview of what you have and if there are any shortfalls, products change and there are better products available compared to 10 years ago. I would suggest looking into a Last Surviving life policy for anyone with kids.. it is dirt cheap BUT because of the good rates multiply discounts don't apply..and as the product name suggests is only pays out once the last life insured on the policy dies or if of course in the event of simultaneous death.

 

To enquire about her will she can email

 

MomentumTrust@momentum.co.za they are fast with replies.

 

Edit.

 

Sorry earlier you also spoke of having the kids on Multiply and seeing as you have your medical aid with Momentum the kids can also earn health returns sorry not sure of their ages.. but here is link that covers it.

 

https://www.momentum.co.za/momentum/personal/products/healthcare/healthreturns#kidsreturns

 

Disclaimer.. I don't work with medical aid so I really am not entirely sure about health returns or medical aid..[emoji85]

Edited January 3, 2020 by Gen

[Mike Bike]

Thanks for all this. I’m not even sure how the health returns work. I see rewards on the app of 12 or 24 bucks depending on active days but dunno where any money gets paid.  Kids are 14 and 17