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Why Young People Need Life Insurance Too
Why Young People Need Life Insurance Too
16 Jun 2025

Think you don’t need life insurance in your 20s? Think again – and remember that MiWayLife makes it easy and affordable.

Youth Day is about more than just remembering the past, it’s about owning your future. While life insurance might not be the first thing on your mind in your twenties, it’s one of the smartest ways to start building financial freedom, especially if you’re thinking long-term.

You’re Not Invincible, But That’s OK!

It’s easy to feel untouchable when you’re young, but the stats tell another story. Road accidents are one of the leading causes of death among South African youth, and many young people are also financially responsible for siblings, parents, or partners.

With a life insurance policy, you can ensure that if you had to pass away, the people you care about you aren’t left with debt or bills they can’t pay. Whether it’s making sure your student loans don’t become your parents’ problem, helping your family with the funds to give you a dignified farewell or leaving something to your younger siblings, your cover steps in when the people you love need it the most.

 


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MiWayLife Makes It Easy

At MiWayLife, we like to keep life insurance simple and straightforward. It works like this - for a 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 your passing. The cover under this benefit will grow by 5% each year. Our 4-in-1 policy also includes an accelerated funeral benefit, terminal illness benefit and funeral cover for you and your family members – all for one premium!

Your Youth Is Your Discount

The great thing about getting life insurance while you’re young and healthy is that you can lock in lower premiums. With MiWayLife, our fully digital, hassle-free sign-up process means you can get a personalised quote in minutes – no paperwork, no medical exams, no waiting in queues. When you get life insurance early, you can save money in the long run and enjoy the freedom to plan for the future without the pressure of rising costs down the line.

Enjoy Cover That Grows With You

Life changes quickly and your policy should keep up. MiWayLife policies are fully customisable, so you can adjust your cover as your life evolves. Whether you’re starting a business, moving in with a partner, or planning to buy your first home, you’ll have the flexibility to update your cover as your responsibilities grow.

You can also manage your policy entirely online. View your cover, download documents, and make changes to your details – all from your phone, 24/7!

The Bottom Line

Youth Day is about empowerment and so is life insurance. It’s a bold move that says, “I’m thinking ahead. I’m building a future.” With MiWayLife, it’s easy to get started. You’ll get affordable, fully digital cover with flexible options and quick payouts when they matter most. Because the earlier you start planning for tomorrow, the more freedom you’ll have 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.

 

 

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