Maybe you’ve never really thought about life insurance, assuming that it will cost you a lot of money to make sure your family are covered in the event of your death. Done properly though, life insurance can be an affordable monthly cost which gives you peace of mind.

The exact cost of your premiums will depend on a lot of factors; the amount of cover you want, your age, general health and smoking status to name but a few. In general, it is best to take cover while you’re still young and healthy as you will get the best rates – much like investment, it’s easiest to start early rather than leaving it until it’s already too late.

At MiWayLife, we let you choose how much cover you want, and we include funeral cover for you and your extended family within your policy. That way, you get one combined premium at an affordable rate. R500 000 cover starts from just R150 per month, or R5 per day. Get a quote by clicking here and leaving your details.

And if you want to find out more about how to keep your premiums as low as possible, you can always read our top tips on how to lower the cost of your life insurance.