Live cover is very important especially if you have an outstanding bond/ loan. it can be ceded to the bank against your outstanding loan amount so that in the event where you can no longer pay for your home loan, the life cover amount will be used to settle the debt, leaving your beneficiaries with a chance to keep your assets.   you can add disability, critical illness cover as well as extended funeral benefits to your life cover, not all life covers need you to do blood tests, some life covers you can take it without blood tests and medicals.