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Why Mental Wellness is a Financial Issue Too
Why Mental Wellness is a Financial Issue Too
05 May 2025

Financial stress can take a toll on your mental health, but MiWayLife can help you enjoy more peace of mind.

Let’s face it, life in South Africa can be tough. Rising costs, job insecurity and the constant juggling act to make ends meet can leave you feeling overwhelmed. It’s no surprise that financial stress is one of the leading causes of anxiety and depression. When money worries start creeping in, they affect everything - from your sleep and mood to your relationships and physical health.

 

Planning Ahead Is Self-Care
Mental wellness isn’t only about journaling, meditating, or taking a breather (although those help too). It’s about knowing you’ve put the right plans in place, especially when it comes to your finances. Having life insurance is a brilliant ways to reduce long-term stress. It means you’ve taken care of the “what ifs,” and can enjoy peace of mind knowing that you’ve created a financial safety net for your loved ones, come what may.

 

Why Life Insurance Means Peace Of Mind
At MiWayLife, we like to keep it simple. For a low monthly premium, you’ll be offered a set amount of coverage that’s paid out in a lump sum to your beneficiaries in the event of their passing. The cover under this benefit will grow by 5% each year.

 


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Every policy includes an Accelerated Funeral Benefit that can extend to cover other family members. “Accelerated” means it pays out fast - up to R50 000 within 48 hours of a valid claim - so your family doesn’t have to scramble during an already difficult time.

Another value-added benefit included in every MiWayLife policy is our Terminal Illness Benefit. It allows you to claim 50% or 100% of your life cover while you’re still alive if you’re diagnosed with a terminal condition.

The Bottom LineTaking care of your mental health means creating a life where you feel safe and supported. Life insurance may not fix everything, but it can ease one of the biggest burdens, financial fear. Knowing that your family is taken care of gives you the freedom to focus on what really matters - living well in the moment. So, why not get a quick quote from MiWayLife and let us surprise you with our affordable premiums.

If you or someone you know is struggling with mental health, reach out.

You can contact the South African Depression and Anxiety Group (SADAG) for free, 24/7 support at 0800 567 567 or visit www.sadag.org.

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.

Need more information on MiWayLife? Read about our life insurance product, or get a life insurance quote in 30 seconds. Alternatively, call us on 0860 64 54 33 .
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Terms and conditions apply. Eligibility, cover and benefits are determined on individual risk profile. MiWayLife is an authorised FSP (No. 45741) and its product offering is underwritten by Sanlam Life Insurance Limited, a registered long-term insurer. MiWayLife is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06