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Longevity Protector

Living longer to share and experience all that we wish for is becoming a reality.

In South Africa, based on re-insurance data, on average, 80% of our clients will live beyond the age of 80, taking into account modest improvements in mortality. Living longer does not necessarily mean living 'healthy' which further implies that longevity might become a risk. According to the National Geographic, a child born today will most probably live to the age of 120.

Momentum's Myriad life insurance is the first to view longevity as a risk event and to protect clients against this risk. We do not only provide cover if you die, but also if you stay alive.

Our Longevity Protector, which is a one-of-a-kind in the market, transfers the risk of our clients outliving their capital, whether they are critically ill, disabled, or simply living a long life. This brilliantly designed product really does remove a substantial portion of the risk associated with longevity.


Elderly couple holding hands and playing with ocean waves

Learn more about the Longevity benefits or contact your Financial Adviser. In addition contact us on 0861 300 789


What does this involve?

Simply add Longevity Protector to your existing Myriad Income Protector, lump sum disability and critical illness benefits as follows:

Longevity Protector - Income Protector:

Our income protection solution incorporates the best of sickness and loss of income benefits as well as additional claim categories, ensuring the most robust claim definitions in the market. If you claim, in addition to the normal payments under your income protection benefit, this benefit will pay you 50% of the Income Protector payment every five years over the term of the benefit (typically until you reach the age of 65 or 70). If you never claim, this benefit will pay you 3 years worth of income (36 times the final Income Protector benefit amount) when you reach the age of 80 as a lump sum, through the unique Longevity Enhancer.

Longevity Protector - Disability:

You will receive regular top-up payments to help you provide for a long life. You can choose from a range of lump sum disability benefits, with incorporated functional impairment, that pays a tax-free lump sum if you become permanently disabled. If you claim, in addition to the normal lump sum payment under your disability benefit, this benefit will pay you 10% of the lump sum disability benefit amount every five years over the term of the benefit. If you never claim it will pay you 20% of the lump sum disability benefit amount at expiry when you turn 80, through the unique Longevity Enhancer.

Longevity Protector - Critical illness:

Your cover will never run out, no matter how long you live. Myriad offers comprehensive critical illness benefits that accommodate different client needs. If you claim, in addition to the normal lump sum payment under your critical illness benefit, this benefit pays 10% of the critical illness benefit amount every five years for moderate to severe claim events. If you never claim, it will pay you 20% of the critical illness benefit at age 80, through the unique Longevity Enhancer.

Why would our Longevity Protector be beneficial to you?

Whether you become disabled or stay healthy, Myriad's world-first Longevity Protector will protect your income throughout your life. We offer you peace of mind with a unique and affordable risk and retirement solution, no matter if you claim or not.

Therefore we say: in sickness and in health - either way, we pay.