How are premiums calculated?

Answer:

Your premium is calculated at your First Premium Payment Date based on your age, gender, smoker status, your answers to health and lifestyle questions and Benefit(s) chosen.

Generally, Life Insurance premiums increase each year as you get older. At each Policy Anniversary, your premiums are calculated based on an increase in your age, plus a 3% Automatic Sum Insured Increase which is added to your Benefit to help keep up with inflation. You can choose to opt-out of the Automatic Sum Insured Increase by calling or writing to Momentum Life.


What if I want to change my Platinum Life Insurance? 

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