Worried by all of life’s “what ifs”? Life insurance is still one of the most reliable ways to create a financial safety net for your loved ones. Still, not all coverage is the same. Accidental Death Cover (also known as an Accidental Death Benefit), for example, is a specific type of insurance that pays out only if the policyholder’s death is the direct result of an accident. This includes incidents such as road accidents, drowning, fire, and even murder. Because this type of coverage is more specific, it often comes with a lower monthly premium while offering a higher amount of coverage.

Things To Know About Accidental Death Cover

If you want to buy Accidental Death Cover, ensure you know what it means. At MiWayLife, we define an accidental death as “death that happens as a result of an incident that caused harm to the body of the policyholder, from outside the policyholder - which harm excludes any sickness and which incident the policyholder did not intend and reasonably could not have foreseen.”

 

The thing is, at MiWayLife, we know that having only Accidental Death Cover is better than no cover at all. But accidents aren’t the only thing that can cause us to pass away. What if you had to develop a fatal disease? What if you had a heart attack? What if you simply died from old age? This is why all of our policies are comprehensive, meaning your policy won’t just pay out if you had to pass away due to an accident, you’re covered for so much more, including natural causes.

MiWayLife Gives You Full Peace of Mind

At MiWayLife, all of our life insurance policies are comprehensive, meaning we give you more than just an Accidental Death Benefit. Each of our 4-in-1 life policies includes comprehensive life insurance, a Terminal Illness Benefit and Accelerated Funeral Cover for you and your extended family members.

MiWayLife’s Terminal Illness Benefit means that, if you were diagnosed with a terminal illness and given 12 months or less to live, you can access a portion of your life cover payout early. This helps cover medical expenses, take care of your loved ones, or simply make the most of the time you have left.

With MiWayLife, You Also Get Funeral Cover

When it comes to funeral cover, MiWayLife’s accelerated Funeral Benefit pays out fast. Instead of waiting weeks for a payout, your beneficiaries can receive 10% of your life cover amount (up to R50 000) within 48 hours of submitting the necessary claim documents. This swift payout helps ease the financial burden of funeral expenses, allowing your family to focus on what truly matters - honouring your memory.

MiWayLife’s Funeral Cover can also be extended to your family members. This way, you can add all your loved ones as additional insured lives on your policy, ensuring they’re covered for both natural and accidental death. Just keep in mind that adding extra family members may slightly increase your monthly premium.

The Bottom Line

With MiWayLife, you don’t have to choose between life insurance and accidental death cover - you get both and even more benefits in one comprehensive policy. That means more peace of mind, more protection and more financial security for your family. Why wait? Get a quick quote today and take the first step toward securing your family’s future.

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.