Why You Need Life Cover — Even If You Don’t Own Anything

You might not have many assets or own anything, you still need life cover.

People are often mistaken in thinking that if you don’t have anything of value, you don’t need insurance.

It’s a common myth that insurance is only needed when you have assets you’re trying to protect — things like home insurance and car insurance come into mind. After all, you don’t need home insurance or car insurance if you don’t own a house or a car! 🏠 🚗

Life cover isn’t just for the older population. In fact, purchasing a life insurance policy actually makes the most sense when you’re young! You have your whole life stretched out in front of you, with endless possibilities, and the younger you are, the cheaper the cost!

At Bequest, we’re on a mission to educate the younger generations about the types of life insurance and the benefits of being a policyholder. 🌟 So even if you don’t think you own anything of value, there are still some incredible advantages of getting out a life insurance policy regardless of which chapter of life you find yourself in.

Pay off your debts

While you may not think you own anything, you might be surprised to know that your life insurance policy can actually pay off your debts in the event of your death. Naturally, this depends on how much life insurance coverage you have, and the size of your debts. A common myth is that when you die, your debts die with you — unfortunately this isn’t always true, and if there is a joint debt, your loved ones can be left footing the bill. The payout from a life insurance policy can go a long way towards paying off those stubborn debts!

Financial security for loved ones

This goes hand in hand with paying off your debts. Money issues have been known to tear families and loved ones apart. 💔 We understand that no amount of money can replace a loved one, but isn’t it better to have some way to take care of your loved ones after you’re gone than to leave nothing behind at all? We think this is one of the strongest arguments for taking out a life insurance policy because family is so incredibly important.

Prepare for the future

The fact of the matter is, the earlier you take out a life insurance policy, the lower your premiums are going to be. So even if you’re currently single and don’t have much to call your own, investing in a life insurance policy now can end up saving you plenty of money down the road 💷. Then, as your life changes, relationships evolve, or even if you move abroad, you can change your policy to fit your needs! 👏

Cover funeral costs

No one knows when they’re going to die — we all hope it’s several decades away, but we have no way of knowing. ⚰️ Funerals can be an expensive undertaking, even simple ones! So unless you’ve been tucking away money in a funeral fund for the last few years, someone is going to have to pay. Loved ones can be put in a difficult position if they can’t afford it, but really want to give you the send off you deserve. 😢 A term life insurance policy can help significantly ease the burden. The payout will more than cover even the most lavish of funerals.


With Bequest, you can get life insurance online without the hassle of a medical check-up or endless questionnaires regarding your lifestyle or medical history. Plus, with a pay as you go option, and the ability to amend your policy as your life changes, it really couldn’t get much simpler.

Sign up with one of the best life insurance companies in the UK today! While you’re at it, why not go ahead and write your will — it’s never too early to plan for the future. ✨

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Protect your loved ones with term life insurance that's easy and affordable! 🤺 Get My Quote Now

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FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. "Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

0203 916 5433

FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. "Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

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