When it’s just you, you’re their whole world – and while you can’t control the future, you can protect it.
Being a single parent means carrying a lot on your own. You’re the one making the lunches, paying the bills, helping with homework and worrying about what happens if the washing machine breaks right before debit order day. You don’t just think about today. You think about next month, next year, and the kind of future you want your child to have.
That’s why life insurance matters so much, especially when it’s just you doing the heavy lifting.
Protect Their Future, No Matter What
If something happened to you, your child wouldn’t only lose a parent – they’d also lose their main source of financial support. Life insurance helps soften that blow. The payout can cover everyday costs like rent or bond repayments, groceries, transport, school fees and clothing. It also helps protect the bigger dreams – like finishing school, going to varsity and having real opportunities, even when you’re no longer there to provide them.
It’s not about being dramatic or expecting the worst. It’s about knowing that life is unpredictable and choosing to prepare anyway, because your child deserves stability no matter what.
Why Miwaylife Works For Single Parents
MiWayLife gets that budgets aren’t always generous and that circumstances change. That’s why our life cover is designed to be flexible and affordable. You don’t have to start with a massive policy you can barely afford. You can begin small, with cover that fits your current situation, and increase it as your income grows or your circumstances change.
As you can buy your policy online, the process is quick and fuss-free – no awkward calls, no pushy agents, no confusing paperwork. Just clear options, simple steps and full control. You can check, adjust or update your cover as life evolves, whether that’s a new job, a pay increase or another little human joining your world. For one low premium, you’ll receive a 4-in-1 policy that includes life cover, funeral cover, the option to get funeral cover for your whole family and a terminal illness benefit.
Things To Know If Your Children Are Under 18
Here’s the important bit many parents don’t realise: in South Africa, children under 18 can’t legally receive life insurance payouts directly. So if your child is your beneficiary, the money can’t simply land in their bank account. One of the safest ways to handle this is by setting up a testamentary trust in your Will.
This ensures that if a payout happens while your child is still a minor, the money is placed in a trust and managed on their behalf until they reach a certain age. It can be used for things that matter – school fees, living costs, medical care and everyday needs – without being misused or tied up in unnecessary red tape. It’s a simple way to make sure your child’s money is looked after by people you trust and used exactly as you intended.
The Bottom Line
Raising a child on your own takes courage, stamina and a deep kind of love. You’re already doing the hard part, so let life insurance handle the rest. With MiWayLife, you can build that safety net in a way that feels manageable. Because when you’re doing it all on your own, having a plan in place is the golden ticket for ultimate 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.
