Protecting Your Loved Ones: The Importance Of Life Insurance
05 Feb 2024
MiWayLife makes it easy to embrace the ultimate gift from the heart – life insurance.
Looking for the perfect Valentine’s Day gift? While thinking about life insurance probably doesn’t give you the warm and fuzzies, just bear with us!
While flowers are beautiful, they’ll be wilted in a week. Life insurance, however, is a gift that goes the distance, growing with your family and expressing a lifetime commitment to love.
MiWayLife Makes Life Insurance Simple
Not too sure how life insurance works? If you’re with MiWayLife, we make it simple. First, you can use our handy life insurance calculator to figure out what amount of cover would best suit your circumstances. As an example, if you’re still busy paying off a large debt or know that your child really wants to attend an expensive university after school, you can factor these things in, selecting a coverage amount that ensures whatever is most important can still be paid for in the event of your passing.
Later on in life, if certain expenses aren’t looming anymore, there’s nothing stopping you from reducing your cover amount to lower your premium. Also, it’s a myth that life insurance is only for the rich. In fact, with MiWayLife, you could secure R500 000 life cover from just R164 a month*!
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Four Big Benefits To Love
If you have an insurance policy with MiWayLife, you’ll get to enjoy four big benefits all for one low monthly premium. The first is comprehensive life insurance cover that grows by 5% each year to keep up with the rising cost of living.
The second is a terminal illness benefit. Nobody likes to dwell on the idea that our good health isn’t a given but we do have to consider it to secure our families’ future. In short, if you were diagnosed with a terminal illness, you’ll have the option to immediately claim 50% or 100% of your life cover amount.
Another benefit? Our Accelerated funeral cover sees your family receive 10% of your coverage amount (up to a maximum of R50 000) paid out within 48 hours of submitting a valid claim. This is important as many people don’t realise that, when they pass away, their bank accounts are frozen while their estate is wound up.
The fourth big benefit is funeral cover for your spouse as well as your wider family members that can all be covered as additional insured lives on your policy, so you really can share the love!
The Bottom Line
This Valentine's Day, why not go above and beyond with MiWayLife? While life insurance might not arrive in a heart-shaped box, it’s a beautiful gift if you’re wanting to protect your family’s financial future and lean into the month of love with the ultimate peace of mind.
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.