What Insurance Do I Actually Need?

For most of us, insurance was never something we chose - it just came with a job, a card, or a form we once signed. Yet when something happens, a lost phone, a hospital visit, a cancelled flight, we suddenly ask:

“Wait… what am I actually covered for?”“And what do I really need?”

That gap between what we think we have and what we actually need is where confusion (and wasted money) lives.

This guide isn’t about selling insurance. It’s about building a clear, modern picture of protection.

🧠 1. Before adding anything new, see what’s already protecting you

Most people already have some form of coverage, it’s just hidden in different places:

• 🏥 Employer health plans: hospitalisation, outpatient, maybe dental.

• 💳 Credit cards: travel, purchase, and fraud protection.

• 📱 Retail purchases: device damage, warranty extension.

• ✈️ Travel bookings: delays, cancellations, lost luggage.

In our early user testing, 8 out of 10 people discovered they already had insurance for something they thought they didn’t, especially through their credit card or employer.

Forgettable was built around that insight:

Before you buy more, understand what’s already working for you.

Upload your existing policies or select your credit cards, and forgettable automatically extracts and explains what’s covered in plain language.

🪞 2. Start with what matters, not what’s marketed

Traditional insurance often starts from the product side (“Do you want life, health, or accident?”). The smarter approach is to start from your priorities, and how it would hurt your savings if something went wrong.

Ask yourself:

• Could I afford a major hospital bill tomorrow?

• Who depends on my income?

• What would stress me out most if I lost it (a trip, a phone)?

Once you answer those, the right categories of insurance reveal themselves.

🩺 3. The 3 pillars of meaningful protection

Pillar	Purpose	Why It Matters	Common Gaps
Health & Medical	Covers hospitalisation, outpatient, surgery.	The foundation. One hospital bill can reset your savings.	Company plans often exclude private hospitals or outpatient care.
Life & Accident	Pays a lump sum for death or disability.	Protects the people who rely on your income.	Typically work policies change between jobs, with different payouts, coverage and conditions. Gaps, like Cirtical Illness, are often omitted from most standard work policies
Lifestyle & Travel	Covers trips, devices, or day-to-day mishaps.	Prevents small disasters from becoming big ones.	People often double-pay for travel insurance they already have via card.

🕳️ 4. Understanding your protection gap

The protection gap isn’t just about missing products — it’s about missing confidence.

Most people don’t need more insurance.They need the right combination of it.

Example:

• You rely on your employer’s plan, but it ends if you quit.

• You bought life insurance but never included accident cover.

• You have a credit card that already includes travel insurance, but you keep buying new policies before every trip.

Forgettable’s Gap Check scans your coverage against typical life scenarios and shows what’s uncovered — not to upsell you, but to help you decide consciously.

🧭 5. How your needs evolve

Insurance isn’t a one-time decision, it changes with your life:

Life Moment	What Usually Changes	Review Focus
🎓 New job	New company health plan	Check for overlap or reduced coverage
💍 Marriage	Shared finances	Add partner/dependant coverage
🧳 Travel or relocation	Living abroad	Review health + evacuation cover
💻 Freelancing	No employer benefits	Add income and medical cover
🏠 New assets	Higher exposure	Review property + liability cover

💬 6. A new way to think about insurance

Insurance shouldn’t be something you dread or ignore. It’s the invisible infrastructure that lets you take risks confidently, start a business, travel solo, change jobs, live freely.

Forgettable’s mission is simple: To make that invisible layer visible, clear, usable, and completely under your control.

⚡️ Find out what you’re missing

See your current coverage, spot your protection gaps, and decide what you actually need →👉 www.forgettable.ai