When do I not need a life cover? If you have no dependants on your income, you don’t need any life insurance cover. Let me repeat that. If there will be nobody to miss your income – do not buy a life insurance cover. There is one more situation in which you don’t need a cover – when you are financially free. When are you financially free? When you don’t need to go to work to pay your bills, EMI, fees and other living costs. Your investments are large enough to look after all your expenses – current and future.
