Life Assurance
The aim of life assurance cover is to provide money for people who are financially depend on you. This area covers both family and business interests.
If there is no one who will be financially distressed by your death, life assurance is probably not essential, though there are other reasons why it would be useful.
Clients need to understand that it is not only a mortgage which needs covering. Clearly if the main breadwinner passed away or was critically ill or unable to work then a lump sum or income would be important to enable the survivor to maintain a reasonable standard of living.