Didn’t we all love the movie, The Lion King? The circle of life was portrayed so beautifully in it. I only need to look at my daughter and then at her grandmother to see the true meaning of that. Life consists of different stages, each stage with its privileges and pitfalls.

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Children are privileged because they have so much energy. Grandmothers offer the wisdom that years of experience have brought them. But boundless energy can easily turn into accidents and old bones need reinforcement. You need peace of mind that you are adequately covered for medical expenses through all the life stages.

There are various products available today that cater for your needs at every stage of your life. Let’s look at the needs of the Sinclair family.

First we have Peter and Emily. All five their children are now out of the house carving their own paths in life. The Sinclairs are planning for their retirement and realise the importance of saving now for medical expenses they may incur once they are retired. Saving now is a good way to fund monthly contributions to a medical scheme later on when they need it most.

Main breadwinners and medical schemes
Then there are Roger and Lucy. The have been married for four years and have a seven-month-old daughter named Jessica. Roger is the main breadwinner while Lucy stays home to care for Jessica. They already belong to a medical scheme. The biggest risk they face is a financial one, should anything happen to Roger. It is a priority for him to ensure that the contributions to the medical scheme will still be paid if he is disabled, or if he dies.

Adrian is the youngest of the five children. He is 22, single and has just started his first job. His biggest risk is being involved in a car accident. It is a priority for him to belong to a medical scheme that covers hospital bills in the case of an emergency.

Momentum offers a full healthcare portfolio to ensure you can afford medical treatment at any stage in your life. Ask your financial adviser about Momentum Health medical scheme, the Health Waiver policy and the Health Funder policy. Update your healthcare portfolio today.

(Momentum, February 2006)
 

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