You are no doubt aware that as a member you qualify for a funeral benefit paid for by NAPTOSA. This funeral benefit is underwritten by Momentum. All members automatically qualify for the benefit.
Recently Momentum informed us of changes in the laws governing funeral benefits. One of the changes that impacts on all of us is that all persons covered by a funeral scheme MUST nominate a beneficiary. Failing to do so would mean that the funds would have to be paid into your estate, and not be available to cover funeral costs. This is certainly NOT what funeral schemes were intended for.
To ensure that we are on the right side of the law and that no member is disadvantaged we are sending you a nomination form.
This form requires you to nominate a primary beneficiary and a secondary beneficiary in case the first person nominated passes on.
We are also asking you a few additional questions to allow us to update our database.
Please note, this is NOT a reapplication for membership, it is simply to nominate a beneficiary and to update our database. The form will be sent to you by your provincial office and will also be on our website. The process MUST be completed by 30 April 2022.
I thank you in advance for completing the form speedily and returning it to your provincial office by email.
Yours in Service
Basil L Manuel | NAPTOSA Executive Director
More information from Momentum regarding the changes to the Insurance act: