When we talk about life insurance, it’s easy to assume it’s only relevant for the main income earner. But the truth is, the contribution of stay-at-home parents is just as valuable - and just as worth protecting.

Life Insurance Is Invaluable For Stay-At-Home Parents

If you’re not earning a salary but managing the home front full-time, your work still carries major financial weight. Think about it, if it weren’t for you, who would handle your family’s childcare, school runs, seemingly endless homework, laundry, meals and more? If you had to hire someone else to do it, how much would it cost to outsource everything?

Also, don’t forget that life has a way of shifting gears and throwing curve balls. Just because you're not earning now doesn’t mean you won’t in future. Fortunately, with life insurance, you can create an invaluable safety net for your family, giving them the support they need to manage both the short-term costs and longer-term plans, should anything happen to you.

 

With MiWayLife, You Always Get More

At MiWayLife, we like to keep things simple. For an affordable monthly premium, you’ll be offered a coverage amount of your choosing that’s paid out in a lump sum to your beneficiaries in the event of your passing. The cover under this benefit will grow by 5% each year.

Our 4-in-1 policy also includes a Funeral Benefit, Terminal Illness benefit and funeral cover for you and your family members – all for one premium! As our funeral benefit is accelerated, it pays out a fast. The amount will be 10% of your total cover amount (capped at R50 000) and, as this amount is separate to your life insurance cover amount, your loved ones won’t have to dip into your life insurance cover to give you a dignified farewell.

All MiWayLife life insurance policies include a Terminal Illness Benefit. This allows you to access a portion of your life cover early if you are diagnosed with a terminal illness with a prognosis of less than 12 months. It can help you cover medical expenses or make other financial arrangements, greatly easing the burden of end-of-life expenses.

The Bottom Line

Being a stay-at-home parent doesn’t make your role any less important - if anything, it highlights just how much your presence means. Life insurance helps ensure that your loved ones are looked after, no matter what. So, why not get a quick quote from MiWayLife today?

Did you know:

You can now take out life cover with us online in a few simple steps. No calls and no agents! Make sure to take care of those you love today by buying MiWayLife cover online.