Momentum hosts DNA of Financial Wellness event

Ostensibly to announce the latest Momentum product releases and important announcements, the day featured many of the who’s who in the Momentum team, including CEO of Momentum Retail Mark van der Watt, Head of Momentum Retail Life Insurance Products Stephen Van Niekerk, Head of Wealth Management Ryan Jamieson, Head of Retail Life Insurance Product Development Neill Muller, Head of Momentum Trust Jeffery Wiseman and many more.The lineup also included informative speakers from beyond the company, such as the well-known Advocate Wessel Oosthuizen.The highlight of the day was Head of Momentum Retail Life Insurance Products Stephen Van Niekerk speaking on the latest and greatest developments at Momentum in terms of both product offering and expansion and value add for brokers.This was made up largely of the announcement of two all-new Momentum product solutions which guarantee breadth of cover and cover for child dependants, including revolutionary early cancer payouts among other innovations. These came with a 100% commission promise to brokers.“We have Breadth of Cover guarantee in the marketplace – we wanted to take the debate off the table to say ‘Momentum doesn’t cover this or that’. We will guarantee we will cover any guarantee covered by our competitors and more - we think that this is significant. We’re concerned about affordability in the market. It’s no longer appropriate to provide our clients with a lump sum payout – we offer Longevity Protection so the cover doesn’t run out after they claim. We now guarantee breadth of cover, we made it simpler in terms of choices and longevity protection which still no competitors in the market have,” said Van Niekerk at the event.“I believe we now have the most complete critical illness cover in the market. We’ve been passionate about the service we give to clients as an underwriter.“We will now also be introducing the Hello Doctor. It’s an MMI solution as a free feature connecting you to doctors 24/7 as a free benefit for those already with us.”Another exciting announcement was Multiply product update given by Head of Rewards, Nico-Louis Minnie. These included the recent partnership between Momentum and SAA, Kalahari successor Takelot, Etihad Airways and retail giant Edcon – parent company to the likes of Edgars, Victoria’s Secret and Calvin Klein. Multiply also announced the imminent launch of its innovative new online savings calculator widget, coming soon.Among the other informative topics covered were tax free savings accounts, the relationship between financial planning and a client’s will, the ‘wellness’ of medical schemes themselves and a look at the changing landscape of RDR.[tboot_column_wrap][tboot_column size="7"][youtube id="xTBcvWCd-EA"]

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Mark van der Watt, CEO, Momentum Retail

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Estelle Scholtz-Mare, Head of Financial Wellness Marketing, Momentum

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Damian McHugh, Head of Marketingand Sales, Momentum Health

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Stephen van Niekerk, Head of Myriad Insurance, Momentum

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