No kids? Life insurance is still one of the smartest ways to protect your partner, family and future plans.
Many people only start to think about life insurance when they grow their family but it’s a myth that it’s only necessary if you have children. Whether you're single, partnered up or are a proud “pet parent”, life insurance is a valuable tool that can help you protect what you care about.
Protect The People You Love
Not having children doesn’t mean you don’t have people depending on you. Perhaps you support ageing parents, help out a sibling or live with a partner who relies on you to split the bills. If you were no longer around, would they be able to manage without your contribution? With MiWayLife, you can include extended family members in your cover and create a policy that suits your unique situation.
Don’t Forget About Your Fur Babies
You love your fur babies fiercely, but what would happen to them if you weren’t around? Chances are you have someone in mind who’d be able to take them in, but would you want them to be burdened with the cost of food and potentially costly vet bills? If you have life insurance, you’d be able to choose multiple beneficiaries, including one you trust to give your pets a loving home.
Don’t Leave Debt Behind
From credit cards to car repayments, your debt doesn’t die with you. If you pass away without life cover, anything outstanding will have to be paid off by your estate, something that can take months, sometimes years to wrap up – or worse yet, your loved ones! Life insurance helps ensure that anything you owe can be settled, so your family doesn’t inherit your debts.
Secure a Home Without Stressing Your Partner
If you’re buying property with your partner or spouse, life insurance becomes a hero. Should something happen to you, your life cover can help pay off your share of the home loan so your partner isn’t left scrambling to cover the bond on a single income or put into a position where they have to sell.
Protect Your Business Like A Boss
Entrepreneurs, take note! If you co-own a business or have a business partner, your passing away, would probably put your company at risk. Fortunately, life cover can provide the funds to help your business partner buy out your share or manage the cash flow, helping to protect all your hard work, your legacy and their livelihood.
The Bottom Line
Being child-free doesn’t make you risk-free. Life insurance is about protecting what matters – your home, partner, parents, pets and even your business. With MiWayLife, it’s easy to customise your cover to suit your lifestyle, and even easier to apply online. Why not get a quick quote 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.
