If you have no dependents and do not have a partner, then you might decide there is little point in life insurance and serious illness might be the policy for you. Life insurance, although always beneficial to your loved ones, is primarily aimed at those people whose death would cause their family to struggle financially without their income. It provides an assurance that, in the event of the worst eventuality, your family will not struggle financially. Most mortgage lenders insist on life insurance cover as part of their lending policy and on mortgage drawdown.