Abstract: A yoke-type life preserver is provided including a relatively thick buoyant filler assembly loosely received within a flexible outer cover panel assembly for the life preserver and with the buoyant filler assembly being constructed to enable the life preserver to be readily flexed in order to conform to the torso curvature of a person wearing the life preserver. In addition, the yoke-type life preserver is constructed to be fully reversable and the attaching strap assembly of the life preserver is specifically designed to enable the strap to be secured about the wearer of the life preserver regardless of which side of the life preserver faces forwardly. In addition, the neck opening of the life preserver, at each end thereof, includes a flexible outstanding collar including a draw strap passing through a tubular collar hem to thereby enable the forwardly and upwardly facing collar of the life presever to be tightened about the wearer.