Pop quiz! Who knew that 5 October is globally recognised as Teacher’s Day? While taking a moment to honour those with the dedication and patience to help shape the future of others, we think it’s important that teachers themselves take steps to protect their own families and futures. This is where life insurance gets top marks.

Why Life Insurance Matters For Teachers

Many teachers in South Africa, particularly those working in the public sector under the Department of Basic Education, often receive valuable benefits from their employer. These include pension contributions, a 13^th check, medical aid subsidies and sometimes even housing allowance. While these go a long way towards enhancing their financial security, we don’t think the picture’s complete without life insurance. Ready for a quick, ahem, lesson?

When we pass away, our bank accounts are frozen. The only way our loved ones can access our funds is if we leave it to them in our Wills. However, this process can take months, sometimes even years to wrap up. Also, if we unexpected pass away before we’ve had time to save up, our family’s won’t have the funds they need to thrive.

Life Insurance Pays Out Fast

The great thing about life insurance is that it provides an invaluable safety net that ensures your family is financially taken care of – fast! Within weeks of making a valid claim, your insurer pays out a lump sum to a beneficiary of your choice in the event of your passing, ensuring that important things like your own children’s school fees, household expenses, and long-term goals stay on track. If you’re your family’s primary breadwinner, having life insurance is a must.

 

Policies That Suit Teachers’ Needs

MiWayLife policies are designed with affordability and flexibility in mind, offering cover that adapts to your needs and salary. You could get R500 000 life cover from just R164 per month! You can also increase or decrease your cover amount at any time, this way it evolves with your family’s needs.

All our policies include an accelerated Funeral Benefit that pays out 10% of your life cover amount (capped at R50 000) within 48 hours of a valid claim. This way, you can receive a dignified farewell without burdening the people you love.

You’ll also get a Terminal Illness Benefit that gives you the option of claiming up to 100% of your cover amount while you’re still alive if you’re diagnosed with a terminal illness and likely to pass away within a year.

The Bottom Line

Teachers shape the future every day. By planning ahead with life insurance, you’ll enjoy full peace of mind and can focus on your passion, knowing that the people who depend on you are protected. So, why not get a quick, obligation-free quote from MiWayLife today?

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.