Life Insurance
The Importance Of Life Insurance During The Holidays
The Importance Of Life Insurance During The Holidays
04 Dec 2023

Investing in life insurance before you head off on holiday means travelling with real peace of mind.

It’s been a long year and you can’t wait to leave the office or close your laptop for the last time in 2023. The last thing you want to think about is your life insurance policy or, the possibility of getting one if you haven’t already made this savvy move to protect your family’s financial future. We get it. Still, in South Africa, the holiday season isn’t just the ideal time to relax around the braai – it’s also the most likely time pass away in a road accident. Sobering, right? So let’s talk life insurance – we promise to make it quick!

Let’s look at the stats

According to the past year’s festive season stats, 1 295 South African’s lost their lives on the road during the holiday period. While this number has reduced slightly in comparison to the previous year, it still means that the festive season is one of the most dangerous times to be on the road, specifically in Gauteng which saw a 5,5% increase in fatalities in comparison to last year. Much of this has to do with an increased number of people drinking and driving as well as an increase in road users as people migrate to go home for holidays. Alas, not everyone will arrive alive.

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It's time to think about life insurance

In a perfect world, we’d all have life insurance policies and they’d only pay out when we passed away in our beds after living a long and happy life. Thing is, life is unpredictable and nobody knows when their time is up. This is why it’s important to not put off investing in a life insurance policy. In exchange for a monthly premium, your policy will pay a lump sum to your chosen beneficiaries in the event of your passing. This can help protect their financial future and ensure important yet expensive goals, such as sending your children to university, remain within your family’s reach. 

If you’ve been thinking about taking out a life insurance policy, good for you. But don’t delay this until after the holidays. It’s a risky time of year and while we don’t like to think about it, if you had to pass away during this time – or at any other time – if you had a life insurance policy, your family would have a financial safety net.

The time to buy life insurance is now

There’s another reason not to put off investing in a life insurance policy. The younger you are when you apply for it, the more likely you are to be in good health and thus the lower your premiums will be. You can also save even more by opting for a great value 4-in-1 policy like MiWayLife’s. It includes comprehensive life insurance, accelerated funeral cover, an accelerated terminal illness benefit and funeral cover for your family members

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