The Rule of 72

Many investors may not have heard of the “Rule of 72.”  The Rule of 72 is a simple way to determine how long it will take an investment to double given a fixed annual interest rate. Investors can roughly estimate how long it will take for an investment to double by dividing 72 by the fixed annual interest rate. For example if an investment has a fixed interest rate of 15% per annum, then one merely divides 72/15 = 4.8. So if an investment has a fixed return of 15% per annum the value will double in approximately 4.8 years.

When dealing with low rates of return, the Rule of 72 is fairly accurate. It is only a rough guide but this rule may help in planning one’s investment strategy.

Don’t wait until it’s too late!

One in four women will suffer from cardiovascular disease before they reach the age of 60. Up to 60 people a day die from strokes. Up to 30% of stroke patients are between the age of 15 and 49. One in four people in South Africa will develop cancer in their lifetime.One in thirty six women in South Africa has breast cancer. Cervical cancer affects one in every thirty four South Africans.

A severe illness/ dread disease brings with it not only human suffering but financial hardship as well.  One needs to be prepared for possible days off from work, medical expenses in excess of what a medical scheme caters for, rehabilitation programmes, homecare, and maybe even alternative therapy.Although we often cannot prevent contracting an illness, we can ensure that we financially survive it!

Momentum Life has the perfect solution critical illness solution. These benefits are designed to provide financial protection against the risk of a change in lifestyle as a result of surviving an illness and compensation for the pain and suffering associated with it.

For more information on dread disease cover and advice contact Kevin Mills on 041 3730601 or email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it