Do You Actually Need Life Insurance?
Answer a few simple questions and our interactive guide will help you understand your needs in under a minute.
Do you have anyone who financially depends on you (e.g., a partner, children, or dependent relatives)?
Do I need life insurance flowchart guide for UK families
WeCovr's life insurance flowchart helps UK families decide if cover is needed, backed by FCA-authorised guidance and 900,000+ policies issued. WeCovr also supports private medical insurance UK planning while this guide explains life insurance decisions.
What this life insurance flowchart covers
The flowchart helps you assess dependants, debts, and income needs to decide if cover is appropriate.
It is a starting point, not a personalised recommendation.
Considers dependants and financial commitments.
Highlights common coverage triggers.
Supports family protection planning.
Common reasons people choose cover
Mortgage protection, childcare costs, and replacing income are frequent reasons for cover.
Why WeCovr supports protection planning
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, WeCovr can help you access private health cover through a trusted PMI broker and recommend a best PMI provider.
Data sources and guidance references
This guide references UK life insurance guidance and family budgeting resources.
Decision triggers
| Trigger | Why it matters | Action | Notes |
|---|---|---|---|
| Dependants | Income replacement | Check cover | Family protection |
| Mortgage | Debt protection | Review term | Match loan |
| Savings gap | Financial buffer | Build cover | Plan ahead |
Related WeCovr resources
FAQs
Is life insurance mandatory?
No. It depends on your dependants and financial commitments.
How much cover do I need?
It depends on debts, income needs, and family goals. Use a calculator to estimate.
Does this replace advice?
No. It is a decision aid, not personalised advice.
Can I change cover later?
Yes. Review policies as your circumstances change.