From the moment you become a parent, you start imagining your children’s future and life insurance can help you protect that.
Their first day of school. The subjects they’ll love. The career they might choose. Perhaps university one day. Their first home. The opportunities you hope they’ll have and the kind of life you’d like to help them build.
You work towards those dreams every day. But have you thought about what would happen to them if you were no longer around?
The Future You’re Building Has A Price Tag
Raising a child is expensive, and many of the biggest costs come later. School fees, uniforms, transport, extracurricular activities and tertiary education can add up to a significant amount over the years. And that’s before considering everyday household expenses or the financial support you may hope to provide as your children find their feet as adults.
For most parents, these costs form part of a long-term financial plan that depends on years of future income. Life insurance can help protect that plan by providing your beneficiaries with a lump sum if you pass away.
Think Beyond Today’s Expenses
When deciding how much life cover you need, it’s worth looking beyond what your family would need immediately if you passed away.
Think about the years ahead. Would there be enough to continue paying school fees? Could your children still pursue tertiary education? Would your family be able to maintain their home and cover everyday living expenses without your income?
You may also have debts such as a home loan, vehicle finance or credit that you wouldn’t want your family to struggle with on top of losing your income.
Life cover can help ensure your children have the financial means to keep moving towards the future you had planned together.
To get an idea of how much you might need, use our handy life insurance calculator.
There’s also a Terminal Illness Accelerator. If you’re diagnosed with a terminal illness, you have the option to claim 50% or 100% of your life cover amount while you’re still alive.
The Bottom Line
You’re building your children’s future every time you pay a school fee, save towards a goal or make a decision with their tomorrow in mind. Life insurance is just another way to plan ahead.
With MiWayLife, you can choose life cover that helps protect the future you’re working so hard to build for the people you love.
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.
