As the year starts to wind down, it’s the perfect time to check in on the things that matter most – your health, your goals, and your financial security. One thing that often gets left off the list is life insurance. Here are three life insurance “power moves” you can make to start the year strong.

1. Review Your Cover

Maybe you’ve welcomed a new family member, bought a home, or changed jobs. All of these milestones can affect how much life insurance you actually need. Take a moment to look at your current policy and ask yourself if your cover amount still reflects your lifestyle and your loved ones’ needs.

With MiWayLife, your cover automatically grows by 5% each year to keep up with inflation and ensure your loved ones’ protection doesn’t lose value over time. But if your financial responsibilities have increased, you might want to consider increasing your cover amount to make sure your family’s future remains fully protected.

2. Update Your Beneficiaries

It’s one of those admin tasks that’s easy to forget – but keeping your beneficiaries up to date is essential. Again, if your circumstances have changed, like a marriage, divorce, or new dependants, your policy should reflect that. Having the right people listed ensures that the payout goes exactly where you want it to when it matters most.

MiWayLife pays directly to your nominated beneficiaries, helping them cover daily expenses like school fees, bond repayments, or monthly bills while they find their feet again. It’s a small update that can make a big difference in a time of need.

3. Check Your Premiums

Another smart move is to check that your premiums are still aligned with your budget. MiWayLife guarantees that your premiums won’t increase by more than your agreed escalation rate for the first five years – giving you predictability and peace of mind.

If things have been a little tight lately, remember that you always have options. It’s better to reduce your cover amount temporarily than to let your policy lapse altogether. Once you’re back on your feet, you can easily adjust your cover again. The key is to stay covered because even partial protection is better than none at all.

The Bottom Line

Before the year wraps up, take a few minutes to review, refresh, and realign your life insurance. With MiWayLife, you can head into the new year knowing your cover is current, your beneficiaries are up to date, and your future – and theirs – is in good hands.

No life insurance? Let’s change that! Get a quick, obligation-free quote from MiWayLife today and let us impress you with our affordable premiums.

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.