At different points of your life, there are different reasons you could need or want some level of life cover, some of the more common reasons could include:
- Getting on the property ladder -are you buying your first home? Your mortgage lender may ask you to have cover in place, or you might choose to take out cover anyway to cover the mortgage if something should happen to you during the policy term
- Family life -if you've recently had or are having a baby you might want to ensure that your family are taken car of in the event of your death
- Death in the family - if you've suffered a death in the family, it sometimes forces people to evaluate their own life and their dependants to ensure some level of protection is in place
There's a whole host of other reasons you could want or need it, some of which will be very personal to you.