Your child’s future shouldn’t have to change just because life does. Here’s how MiWayLife can help protect what matters most.
Every parent wants to give their child the best possible start. From their first day of school to their final exams, education is one of the most important investments you’ll ever make. But in South Africa, it’s also one of the biggest financial commitments a family will face.
The Real Cost Of Education
Sending your child to a model C school in South Africa can cost around R30,000 to R50,000 per year for primary school, rising to R60,000+ per year in high school. And that’s before extras like uniforms, transport and even that sandwich you pop into their lunch box. At the top end, some schools now charge over R100,000 a year.
Once your child matriculates, the expenses don’t necessarily stop there. University brings its own costs, with tuition typically ranging from around R22,000 to over R80,000 per year, excluding accommodation, books and living expenses.
The Education Divide
When it comes to your child’s future, education can make a real difference. According to Statistics South Africa (Stats SA), young people without a matric qualification face an unemployment rate of 51,6%. With vocational or technical training, that figure improves to 37.3%. And for those who go on to graduate from university, it drops even further to 23.9%. It’s a reminder that education plays a big role in setting your child up for success.
Whether it’s school fees, university tuition or the rising cost of student accommodation, these expenses can be covered. It doesn’t just protect where your child is now, it helps protect where they’re going.
How MiWayLife Makes It Happen
At MiWayLife, we’re proud to offer affordable life cover designed for real South African families. For one low monthly premium, you’ll receive a cover amount of your choice. Depending on this amount, the payout can help your family manage immediate expenses while still working towards important long-term goals, like ensuring your children receive a great education, even if life takes an unexpected turn.
Every policy also includes built-in benefits like our Accelerated Funeral Benefit, which pays out quickly once all required documents are in place, helping families manage immediate costs without added stress.
MiWayLife policies also include a Terminal Illness Benefit, allowing you to access a portion of your cover early if you’re diagnosed with a qualifying condition. This gives you the opportunity to make important decisions and put plans in place for your child’s future while you still can.
The Bottom Line
Education is one of the greatest gifts you can give your child. But protecting that journey is just as important as funding it. With life insurance, you can help ensure that no matter what happens, your child’s schooling and future plans can continue uninterrupted. Because the best kind of protection is the kind that keeps life moving forward.
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.
