With so many options to pick and choose from when it comes to protecting what matters the most to you, it is important to make sure that you end up picking the best cover for you.

Know what you want

Whether you are choosing life insurance, funeral cover, or car insurance, it is vital to know what you want to cover. Understand that no two situations are the same. No two families are the same. While one type of cover can work for another family, it may not work for yours. Therefore, take a moment to create a list of things you would like your cover to protect you from, which in turn will make finding insurance easier.

Take out cover as soon as possible

Some policies such as funeral and life cover can come with age limits which can be disappointing when you need it the most. Understand that your age & lifestyle will play a factor in various types of cover. Therefore, taking out a policy while you are still young and healthy to ensure that it grows with you, can help you save on your premiums, and also give you peace of mind knowing that you are covered.

Check the benefits

Who doesn't enjoy getting value for their money? What makes a policy is the benefits that come with it. The devil is in the detail, which means you will need to carefully read or ask about the benefits that come with your cover. Having a life insurance policy that comes with a built-in funeral benefit, covers you for terminal illnesses, and allows you to include other family members under one premium, is crucial.

Extended family member cover

South African families are diverse and at times large. Many of us have funeral policies in place, but what if you could get a 2-in-1 policy that allows you to get life cover, and cover for up to eight family members under the built-in funeral benefit? At MiWayLife, we cover you for up to eight family members to give you peace of mind.

Review your policy 

A lot can happen in a year, which also makes it important to review your policy every year. Maybe a listed beneficiary has passed on or you have had a baby and you would like to list as a beneficiary. Whatever the reason may be, always remember to check if your policy is up to date and that it covers those who matter to you.

Seek financial advice

Your financial situation differs from the next person, so why settle for something that is the same as the next person? There are free financial services such as speaking to a financial advisor at a bank that you can make use of that will advise you on what life cover will be suitable to your finances without straining you.