Life insurance is important to ensure debts are paid and income is replaced if someone passes away. The amount of life insurance needed depends on income to be replaced, debts to pay off, and any existing life cover or potential state benefits. It's best to get quotes from multiple life insurance companies, match the best quote to needs and budget, then complete an application form. The policy can then be reviewed and amended as needed. Qualified life insurance advisors regulated by the central bank can help identify the right cover through various contact methods.