Everyone wants to create a lasting legacy but that starts with having a Will Fortunately, you can take advantage of National Wills Week. This year, it runs from the 16th to the 20th of September, during which you can get free assistance to draft a will from participating attorneys.

Why is it important to have a Will?

A will puts you in control over how your assets are distributed after you’re gone. Without a will, your assets will be distributed according to South Africa’s Interstate Succession Act and handled by the Master of the High Court in a way that might not align with your wishes. If you don’t have a will, your passing could cause disagreements amongst your loved ones – the last thing anyone wants during such an emotional and stressful time.

Another reason why you really want a Will? Many don’t realise this but, when you pass away, your bank accounts are immediately frozen until your estate is wrapped up. If you don’t have a Will, this process can take years to finalise. In the meantime, your loved ones won’t have any access to your money which can leave them in an extremely difficult situation, especially if you were the breadwinner responsible for paying the daily bills.

How can life insurance complement your Will?

A life insurance policy is a great way to create a financial safety net for your family. It pays out a lump sum to your beneficiaries in the event of your passing due to an accident or illness.

Another big benefit of having life insurance? Your coverage amount will be paid out fast. This way, while your family can’t access your bank accounts during that potentially lengthy period while your estate is being wrapped up, they’ll still have access to funds. Their payout ensures they can afford monthly expenses such as rent, bond repayments or groceries and even big long-term goals like your children’s tertiary education, depending on your cover amount.

How to create a Will with MiWayLife

When you buy life insurance with MiWayLife, you get a 4-in-1 policy that includes an accelerated funeral benefit; funeral cover for your family members and a terminal illness benefit – all for one affordable premium. MiWayLife also offers you the option of creating a Will online? It will be legally recognised, safely stored and you won’t have to worry about nominating an executor as this will be taken care of.

The bottom line

Creating a legacy starts with creating a Will. However, to ensure your family isn’t left without access to funds, include life insurance in your estate planning. So, why not get a quick quote from MiWayLife and take advantage of our online Will offering? This way, you can focus on enjoying your life while having maximum 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.