Always wondered about life insurance? We’ve answering all the questions and busting a few myths while we’re at it!
Life insurance can feel overwhelming. It’s one of those things many of us know we should sort out, but don’t, because we’re unsure, nervous, or maybe just misinformed. At MiWayLife, we want to make life cover simple, accessible, and easy to understand so you can protect what matters most without the stress.
Let’s dive into a few frequently asked questions - no jargon, just real talk!
Is Life Insurance Only for Rich People?
Nope! Life insurance isn’t just for millionaires with sprawling estates - it’s for anyone who wants to make sure their loved ones are financially protected. If you have people who rely on your income, life cover is a smart move. MiWayLife makes it even easier with affordable premiums that suit different budgets - starting from as little as the cost of your weekly coffee run.
Do I Need a Medical Exam to Get Life Insurance?
Not always! At MiWayLife, you can apply for life cover online in just a few minutes - no needles, no awkward doctor visits, no phone calls. Depending on your age, cover amount, and health profile, you might not need a medical exam at all. We’ll ask you a few simple health questions upfront and that’s often enough to get your policy going.
Can I Get Life Insurance If I’m HIV Positive?
Yes, you can! You’ll just need to answer a few health questions, and your premiums will be based on your individual risk profile. Being HIV positive doesn’t automatically disqualify you from getting cover and it definitely shouldn’t stop you from protecting your family’s future.
What Happens If I Can’t Pay My Premiums?
Life happens - we get it. If you miss a payment, there’s usually a grace period where your policy stays active. But if payments continue to lapse, your cover could be cancelled. The best thing to do? Simply reduce your cover amount, something you can do at any time with MiWayLife, then increase it again when you’re finances get back on track.
Isn’t Life Insurance Just a Waste if I’m Young and Healthy?
Actually, now is the best time to get cover. The younger and healthier you are, the lower your premiums will be. It also means you’ve locked in a low premium before any unexpected health issues come up.
What Happens If I Die Without Life Insurance?
Things could get tough. Your bank accounts get frozen while your estate is being wrapped up and this can take months, even years. If you were the breadwinner, your loved ones might be left without access to funds for everyday expenses like groceries, rent, or school fees. With MiWayLife, your life insurance payout happens fast and we even include an accelerated funeral benefit that pays up to R50,000 within 48 hours.
What Happens If I Lie to My Life Insurer?
The short answer is don’t do it! It might be tempting to leave out a medical condition or say you’re a non-smoker when you’re not - but lying or leaving out important info can lead to your claim being rejected later. Being open and truthful protects you and the people you’re trying to take care of.
Isn’t Life Insurance Full of Complicated Fine Print?
It doesn't have to be! We know insurance can feel intimidating - but MiWayLife is here to change that. Our 4-in-1 policy is simple, transparent, and easy to understand. It includes comprehensive life cover, a Terminal Illness Benefit and accelerated funeral cover that can extend to all your family members. All that for just one affordable monthly premium!
The Bottom Line
Life insurance is one of the smartest things you can do for your loved ones. It’s not just for the wealthy or the old - it’s for anyone who wants peace of mind. And with MiWayLife, getting covered is as easy as a few clicks. 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.
