Life Insurance
It’s Never Too Early To Start Creating Your Financial Legacy
It’s Never Too Early To Start Creating Your Financial Legacy
09 Jul 2024

Young professionals have lots to gain by investing in life insurance today, including the chance to win with MiWayLife! Think life insurance is something you’ll only need to consider later on in life?

Think again! Life insurance is a brilliant tool for young professionals wanting to secure their present so you can focus on the future with greater peace of mind. Creating a financial legacy can also secure your financial well-being, both now and in the future.

Here are a few ways life insurance can help young professionals create a financial legacy.

An immediate relief

Life insurance acts as a safety net, providing financial security to your family in the event of your passing. If you have cover with MiWayLife, your policy will pay a lump sum cover amount to your nominated beneficiaries that will grow by 5% each year. We also offer an accelerated funeral benefit that pays out within 48 hours of receiving the required claim information. This way, you can protect your family from the costs related to a dignified goodbye during an already difficult time.

Remember, the younger and healthier you are, the more likely you are to be offered a low premium. In short, taking out life insurance sooner rather than later is a savvy move that can save you money.


Take care of debt


If you’re a recent graduate and have outstanding debts or student loans, you’ll be glad to know life insurance can play an important role in managing them. In the event of your passing, life insurance proceeds can be used to settle outstanding debts that could that burden your family.


Ensure your children’s education


Perhaps you’re not thinking about having children right now, but if you’d like to in the future, the greatest legacy you could leave is the gift of their education. With life insurance, you can ensure that your children have the financial means to complete their education and pursue their dreams, regardless of what the future might hold.


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Protect your business

If you’re a young entrepreneur, your business is your baby and life insurance can help you protect it. With proper planning, it can provide the necessary funds to support the transition of ownership to any business partners, retain your family’s stake as well as repay any loans, allowing for the financial stability that can preserve the legacy of your business.


Bolster your loved ones’ inheritance

Creating a Will ensures your wishes are carried out the way you want and having a life insurance policy will bolster the amount your loved ones receive. If you have a life insurance policy with MiWayLife, you can nominate as many beneficiaries as you like, be it your parents, spouse, children. Again, this is just another way you can preserve your legacy today.

Create a legacy and slay your life goals with MiWayLife

Clearly there are lots of reasons to consider taking out life insurance sooner rather than later. However, if you’re a young professional, here’s even more incentive. If you’re a recent graduate who’s been employed for 6 months or less, you’re eligible to enter our Slay Your Goals With MiWayLife competition!

To enter, get a obligation-free life insurance quote from MiWayLife and you could stand to win incredible prizes up to the value of R10 000. View the full Terms & Conditions over here.

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.

Need more information on MiWayLife? Read about our life insurance product, or get a life insurance quote in 30 seconds. Alternatively, call us on 0860 64 54 33 .
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Terms and conditions apply. Eligibility, cover and benefits are determined on individual risk profile. MiWayLife is an authorised FSP (No. 45741) and its product offering is underwritten by Sanlam Life Insurance Limited, a registered long-term insurer. MiWayLife is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06