Navigating uncharted waters<br />September 2010<br />
Pressure on retirement savings<br />
Life expectancy is increasing<br />Life expectancy at birth more than doubled over last 200 years<br />Number of centenari...
Spiraling health care cost<br />
Conventional solutions fall short<br />Critical illness benefits ideal for short-term expenses<br />Expensive solution for...
Can you save enough?<br />Age at death<br />Required savings<br />If you retire at age 65<br />If you retire at age 70<br ...
Net investment return 8%
Salary and RA contribution increases 5%</li></li></ul><li>The solution: work longer<br />
But what if?<br />
MyriadLongevity Protectors<br />
Longevity protection<br />Longevity Protector – Critical illness<br />Longevity Protector – Disability<br />Longevity Prot...
Enhanced Retirement Booster<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Boost...
3 times bigger Retirement Booster<br />Typically 30% - 45% of risk premiums back at retirement<br />Retirement<br />Boosts...
Longevity Protector – Critical illness<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retir...
Longevity Enhancer for the healthy<br />20% payout simply by living long<br />Capital injection for clients who live long;...
Case study<br />Client age 45<br />Critical illness benefit R1 million<br />Level premium, 10% voluntary increase<br />Age...
The Myriad solution for the healthy<br />
Longevity Protector – Critical illness<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retir...
Extends critical illness payout to last a life-time<br />Specified moderateto severe critical illness event<br />Extra 10%...
Case study<br />Critical illness benefit of R1 million at age 35<br />Assumptions<br /><ul><li>Client claims at age 35
Benefit increase 5% p.a.</li></li></ul><li>The Myriad solution for the “not-so-healthy”<br />Super-charges critical illnes...
Longevity Protector – Disability<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement ...
Boosts disability cover by up to 100%<br />Extra 20% payment every 5 years after age 75<br />Up to 5 payments<br />Disabil...
Case study<br />Lump sum disability benefit of R3 million, claim at age 35<br />Boosts claim amount to 200% in real terms<...
Extends cover by up to 25 years<br />Up to 5 payments<br />Up to 60 times final payment every 5 years after age 75<br />Cl...
Case study<br />Income disability benefit of R20 000 per month, claim from age 35 to age 65<br />Formula: (2 x years in cl...
Additional value<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />Guaranteed Momentum Interactive...
Value proposition<br />10%-15% premium<br />
Value proposition<br />7.5% Interactive discount<br />10%-15% premium<br />
Value proposition<br />30%–45% back at retirement<br />10%-15% premium<br />7.5% Interactive discount<br />
Value proposition<br />Longevitypayments<br />10%-15% premium<br />30 – 45% back at retirement<br />7.5% Interactive disco...
Conclusion<br />A world first<br />Most comprehensive protection in the market<br />Pays significantly more than conventio...
Myriad Longevity Protector launch presentation Oct 2010
Myriad Longevity Protector launch presentation Oct 2010
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Myriad Longevity Protector launch presentation Oct 2010

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Presentation of the latest benefits launched by Momentum Myriad

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Myriad Longevity Protector launch presentation Oct 2010

  1. 1. Navigating uncharted waters<br />September 2010<br />
  2. 2. Pressure on retirement savings<br />
  3. 3. Life expectancy is increasing<br />Life expectancy at birth more than doubled over last 200 years<br />Number of centenarians increasing at 7% per year<br />The first person to live to 150 may already have been born<br />The risk of outliving your capital<br />
  4. 4. Spiraling health care cost<br />
  5. 5. Conventional solutions fall short<br />Critical illness benefits ideal for short-term expenses<br />Expensive solution for long term<br />How much is enough?<br />?<br />Short-term expenses<br />Long-term expenses<br />
  6. 6. Can you save enough?<br />Age at death<br />Required savings<br />If you retire at age 65<br />If you retire at age 70<br />Assumptions<br /><ul><li>Start saving at age 35; retire on 75% of income
  7. 7. Net investment return 8%
  8. 8. Salary and RA contribution increases 5%</li></li></ul><li>The solution: work longer<br />
  9. 9. But what if?<br />
  10. 10. MyriadLongevity Protectors<br />
  11. 11. Longevity protection<br />Longevity Protector – Critical illness<br />Longevity Protector – Disability<br />Longevity Protector – Income disability<br />
  12. 12. Enhanced Retirement Booster<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Booster<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />
  13. 13. 3 times bigger Retirement Booster<br />Typically 30% - 45% of risk premiums back at retirement<br />Retirement<br />Boosts clients’ retirement savings, whether they have claimed or not<br />Enhanced Retirement Booster<br />
  14. 14. Longevity Protector – Critical illness<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Booster<br />20% at age 80<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />
  15. 15. Longevity Enhancer for the healthy<br />20% payout simply by living long<br />Capital injection for clients who live long; and cover remains intact<br />Longevity Protector - Critical illness<br />
  16. 16. Case study<br />Client age 45<br />Critical illness benefit R1 million<br />Level premium, 10% voluntary increase<br />Age 65<br />Age 80<br />Longevity Enhancer:R1 600 000<br />Retirement Booster:R180 000<br />
  17. 17. The Myriad solution for the healthy<br />
  18. 18. Longevity Protector – Critical illness<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Booster<br />20% at age 80<br />Ongoing 10% every 5 years<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />
  19. 19. Extends critical illness payout to last a life-time<br />Specified moderateto severe critical illness event<br />Extra 10% every 5 years<br />Provides additional funding for illnesses with a long-term lifestyle impact<br />Longevity Protector - Critical illness<br />
  20. 20. Case study<br />Critical illness benefit of R1 million at age 35<br />Assumptions<br /><ul><li>Client claims at age 35
  21. 21. Benefit increase 5% p.a.</li></li></ul><li>The Myriad solution for the “not-so-healthy”<br />Super-charges critical illness benefit to last a life-time<br />Short-term expenses<br />Long-term expenses<br />
  22. 22. Longevity Protector – Disability<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Booster<br />20% at age 80<br />Ongoing 10% every 5 years<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Up to double the benefit<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />
  23. 23. Boosts disability cover by up to 100%<br />Extra 20% payment every 5 years after age 75<br />Up to 5 payments<br />Disability eventbefore age 60<br />Cost-effective additional protection<br />Longevity Protector - Disability<br />
  24. 24. Case study<br />Lump sum disability benefit of R3 million, claim at age 35<br />Boosts claim amount to 200% in real terms<br />Assumptions<br /><ul><li>CPI 5% p.a.</li></li></ul><li>Longevity Protector – Income disability<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />3 x Retirement Booster<br />20% at age 80<br />Ongoing 10% every 5 years<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Up to double the benefit<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />Up to 25 years longer<br />
  25. 25. Extends cover by up to 25 years<br />Up to 5 payments<br />Up to 60 times final payment every 5 years after age 75<br />Client receives full payment up to retirement age<br />Disability event<br />Cost-effective additional protection<br />Longevity Protector - Income disability<br />
  26. 26. Case study<br />Income disability benefit of R20 000 per month, claim from age 35 to age 65<br />Formula: (2 x years in claim)* x final benefit payment<br />*Capped at 60<br />Assumptions<br /><ul><li>Benefit increase of 5% p.a.</li></li></ul><li>The Myriad solution for the disabled<br />
  27. 27. Additional value<br />Claim<br />No claim<br />Longevity Protector – Critical illness<br />Guaranteed Momentum Interactive discount of 7.5%<br />3 x Retirement Booster<br />20% at age 80<br />Ongoing 10% every 5 years<br />Longevity Protector – Disability<br />3 x Retirement Booster<br />Up to double the benefit<br />Longevity Protector – Income disability<br />3 x Retirement Booster<br />Up to 25 years longer<br />
  28. 28. Value proposition<br />10%-15% premium<br />
  29. 29. Value proposition<br />7.5% Interactive discount<br />10%-15% premium<br />
  30. 30. Value proposition<br />30%–45% back at retirement<br />10%-15% premium<br />7.5% Interactive discount<br />
  31. 31. Value proposition<br />Longevitypayments<br />10%-15% premium<br />30 – 45% back at retirement<br />7.5% Interactive discount<br />
  32. 32. Conclusion<br />A world first<br />Most comprehensive protection in the market<br />Pays significantly more than conventional critical illness and disability benefits<br />Cost-effective boost to retirement capital<br />Addresses the risk of outliving your capital<br />Peace of mind<br />

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