When you take out life insurance, you’re creating a financial safety net for your loved ones. You don’t have to be limited to just your spouse and children. You can also cover your extended family members all under one policy.

Every Family Is Different

 MiWayLife knows that every family is unique. You might be the sole breadwinner in your own but may also want to take care of extended family, be it your spouses’ nieces or your favourite aunt. This is why, your spouse and up to 8 of your biological, adopted or step children as well as 4 parents (so this could be parents and parents in law) and 8 wider family can also be covered as additional insured lives by our policy. These wider family members could be aunts, uncles or cousins of the principal member.

Remember, each additional family member added will increase your premium amount paid, but this is typically more economical than if each life insured where to have their own individual policy.

A Bit About Funeral Cover

If you have life cover with MiWayLife, your policy will also include our Family Funeral Cover Benefit. This means you’ll also have funeral cover for the same number of people previously mentioned – up to 8 children or step-children, 4 parents and 8 wider family members. Our policies also include an Accelerated Funeral Cover benefit that, upon receipt of the required claim information, pays out 10% of the total available life cover (up to a maximum of R50 000) within just 48 hours. Nobody likes to think about having to use this type of cover, but it really does give you peace of mind, knowing that you won’t have to worry about the cost of funeral related expenses during a difficult time. Instead, you can focus on honouring your loved ones.

Having peace of mind is priceless, which is why making sure that you have your bases covered can ensure that should your loved ones lose a breadwinner they will be protected financially.