Not everyone needs life insurance (also known as life cover and death cover). But if your children, partner or other relatives depend on your income to cover the mortgage or other living expenses, then the answer is yes – you probably do want life insurance, since it will help provide for your family in the event of your death.
Who doesn’t need it?
You may not need life insurance if:
- you’re single
- your partner earns enough for your family to live on
- you’re on a low income and could be eligible for state benefits.
If you’re not sure get financial advice.
You might want to think about setting aside enough money to cover funeral expenses
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