When you’re in your 20s, life insurance is probably the last thing on your mind. You’re busy building your career, enjoying your freedom, and making the most of life. But what if we told you that getting life insurance as soon as possible is one of the smartest financial moves you can make? Let’s break it down.

1. It’s More Affordable Than You Think
   
   

Life insurance premiums are based on age and health. The younger and healthier you are, the lower your premiums. Locking in a policy in your 20s means you secure a lower rate for years to come, making it a wallet-savvy decision that could save you thousands. In fact, if you choose MiWayLife, you could get R500 000 in life cover for as little as R164 a month. That’s less than a burger and chips!

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2. It Helps You Protect Your Loved Ones
   
   Your debts don’t die with you. While you might not have children to support, if you’ve got student loans or owe anyone else a large amount of money, your family could be burdened by them when you pass away. If you have life insurance, however, you can protect the ones you love.

3. You Can Get Funeral Cover That Pays Fast
   
   

We don’t like to think about them, but funerals are expensive. Fortunately, if you have a policy with MiWayLife, it will include a Funeral Cover Benefit that pays out fast – within 48 hours of an approved claim. You can even get affordable funeral cover your extended family members.

4. 
   Some Benefits Can Pay Out While You’re Alive
   
   

All MiWayLife policies include a Terminal Illness Benefit. This means that if you had to be diagnosed with a terminal illness and likely to die within a year, you can choose to immediately claim 50% or 100% of the life cover amount, subject to a specialist confirming the prognosis.

5. Enjoy the Ability to Flex!

Worried about being locked into a policy you might not be able to afford? With MiWayLife, you can increase or lower your cover amount at any time. This way, you can keep your policy active, even when times get tough, and continue to enjoy those lower premiums you locked in while you were young and healthy.

The Bottom Line

Starting early with life insurance is not just about preparing for the worst - it’s about making a savvy financial choice that benefits your future self and loved ones. Also, if you leave it until later, a future health condition could prevent you from enjoying a super low premium. If you're thinking about securing your financial future, why not get a quick quote 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.