Life insurance does more than cover debt and, with MiWayLife, you’ll get so much more than just cover. Think you don’t need life insurance just because your debts are paid off?
Not so fast! While settling your bond, credit cards, or student loans is a major milestone, life insurance isn’t just about covering debt, it’s about securing your family’s future.
Life Insurance Cover More Than Just Debt
Many don’t realise it, but your debts don’t die with you. Having life insurance is a great way to ensure any unpaid bills don’t burden your family after you pass away. However, its real value goes far beyond that. Life insurance provides a financial safety net for your loved ones. This way, they can maintain their lifestyle, manage day-to-day expenses and even plan for the future when you’re no longer around to provide for those who matter most.
Leave a Legacy That Matters
Losing a loved one is already emotionally devastating – the last thing anyone needs is financial stress on top of that. From funeral costs to grocery bills, life insurance helps your family bridge the financial gap, giving them time to adjust without making desperate financial decisions or having to borrow from banks, loan sharks or other family members.
Still, when you buy life cover, you can secure peace of mind for the long-term too. Depending on your cover amount, the payout can be used to cover your children's school or university fees or provide years of financial support for a spouse or ageing parent. It’s a way of continuing to care, long after you’re gone.
Why Choose MiWayLife?
MiWayLife makes getting covered simple, affordable and smart. You get to choose your cover amount, so you can ensure your premium suits your pocket. Your policy will include an Accelerated Funeral Benefit (capped at a maximum of R50 000) that pays out within 48 hours of an approved claim. You’ll also have the option to include your extended family as additional insured lives on your policy – all under one plan.
All MiWayLife policies also include a Terminal Illness Benefit. If you’re ever diagnosed with a terminal illness and likely to pass away within a year, you’ll have the option to immediately claim 50% or 100% of your life cover amount.
Another big plus? The process is completely digital, so you can purchase the cover you need in a matter of minutes!
The Best Time For Life Insurance Is Now
Many people make the mistake of only starting to think about life insurance when they’re older or starting to worry about their health. However, the best time to buy life insurance is as soon as possible. The younger and healthier you are, the more likely you are to lock in a lower premium.
Then, as far as debt goes, even if you don’t have any now, you never know what could happen later on in life. If you do end up incurring it, you’d be able to increase your life cover to protect against it, while still benefiting from the lower premium you secured while you were young, healthy and debt-free.
The Bottom Line
Being debt-free is something to celebrate, but it’s not a reason to skip life insurance. The right policy doesn’t just clear what you owe, it protects the people you love. Why not get a quick quote from MiWayLife today? We’d be happy to impress you with our great service and affordable premiums. You’ll also stand to win a Joma Sport voucher worth R5 000!
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.
